China: Zhengzhou cotton futures settle with gains

On the Zhengzhou cotton futures market (ZCE), all contracts have made gains of between 10 and 55 yuan. The discount for May on January has narrowed by 15 yuan to 515 yuan per tonne.

Turnover was 12,564 contracts less than last Friday, at 105,068. Open interest declined by 3,778, to 575,810. At the close of business, the top 20 brokers were holding 216,794 long positions (-3,026) and 194,987 short positions (463).

The certified stock is 105 lots, five more than Friday.

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