Cotton futures: a total of four years were more than 200 million tons of City News _ _ _ Sina Sina Financial
Posted on Jun-03-2008· by china investor
Zhang Jingsheng's online edition of Zhuangao
期货上市四年累计æˆäº¤å·²è¾¾4120万余手，共计2亿多å¨ã€‚ The deadline for May 30, Zhengzhou futures market four years total turnover reached 41.2 million in hand, a total of over 200 million tons.
June 1, 2004, cotton futures in Zhengzhou Commodity Exchange listed transactions, as China's futures market governance rectify countries approved the first futures market new varieties, then regarded as China's futures market into the phase of steady development of an important symbol.
Cheng by the relevant responsible person said that over the past four years, gradually increase market liquidity, the size of the market continued to expand, investors involved in the cotton futures trading volume has steadily increased. The deadline for May 30, a total turnover of cotton futures contracts 41200000 hand (hand every five tons, equivalent to more than 200 million tons), the transaction volume of 2.9509 trillion yuan, realizing a total settlement more than 350,000 tons, more than 90,000 positions in hand.
It is learnt that the introduction of cotton futures and stable operation, has attracted Henan, Hubei, Shandong, Hebei and Xinjiang, and other main cotton producing provinces and regions for the enterprises to enter the cotton futures market hedging, the number of enterprises set-October 2004 only 7, to the end of 2007, in Zhengzhou cotton futures market for cotton accounts of the enterprises have more than 6000. Hubei some processing and trading enterprises of the sets of futures-trading volume of business is already 10 times, arbitrage accounts for the period is a business volume of 50%.
In response, Cheng by the relevant responsible person said that with the price of its discovery, hedging the market functions have been fully played, Zhengzhou cotton futures prices have become an important international and domestic Mianjia reference indicators, the United States, Director of the global cotton information Long and CEO Qiaoni root praised China's "Cotton futures is a success."
chinainvestor:本版contents of the article was supplied by MarketWatch, does not constitute investment advice. Investors this operation, own risk.
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