The sharp rise of ZCE cotton on Jun 1 more lies in the bullish expectation in medium to long run. Though 2022/23 Chinese cotton production is high, cotton imports reduce largely year on year, and from demand side, monthly cotton consumption has been constantly above 700kt or even 750kt from Mar, 202
In the past one year, transactions of cotton yarn futures were not active and the participation was not high. Zhengzhou Commodity Exchange published the revision of cotton yarn futures delivery rules on Mar 4. According to the revision, delivery subjects of cotton yarn futures expanded and the quali