China: Zhengzhou cotton futures ease

All contracts on the Zhengzhou cotton futures ended down today. The nearby and later months were the biggest losers. The discount for September on May widened by 45 yuan to 235 yuan per tonne.

Turnover was reduced by 14,082 to 206,586 contracts. Open interest increased by 32,574, to 668,000. At the close of business, the top 20 brokers were holding 235,684 long positions (7,571) and 233,804 short positions (14,037).

The certified stock decreased by 34 to 1,238 lots.

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Posted in: Cotlook Headlines