ICE May cotton contract has been constantly decreasing last week, and on Feb 27, the contract hit the maximum fall to 62.47cent/lb. The market is in a panic again after the early worries over the outbreak of novel coronavirus in China. With the panic mood, Zhengzhou May cotton contract also reached
3. Hedging space of new cotton and spot cotton market situationIn South Xinjiang, the new cotton is mainly for wadding, with favorable sales and high prices, so ginners basically have no stock at hand. Therefore, though price spread between hand-picked cotton costs and ZCE major cotton contract is l