Zhengzhou cotton futures end with modest losses

Zhengzhou cotton futures lost grounds in all contract month today, in a range from 15 to 75 yuan per tonne. The actively-traded September decreased by 55 yuan, while January 2018 contract lost 30 yuan, resulting the broadening of spread between the two months by 25 yuan, to 35 yuan (January premium).

Turnover rose slightly by 2,044 contracts, to 187,678 (counting both the sale and the purchase). Open interest decreased by 1,372, to 265,374. At the close of business, the top 20 brokers were holding 84,256 long positions (1,088) and 91,337 short positions (-797).

The certified stock was reduced by a further 65 lots, to 4,845.

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