Home >

The Scale Of Domestic Cotton Futures Market Is Still Expanding Rapidly.

2010/9/18 8:48:00 59

This year's domestic

cotton

The futures market is unusually hot.

On the 10 day of the "Zhengzhou Agricultural Futures (cotton) Summit Forum", Li Xiaoxue, Secretary of the Discipline Inspection Commission of the securities and Futures Commission, said that China's futures market was at a critical stage of pformation from volume expansion to qualitative upgrading. Last year, commodity futures volume accounted for 43% of the total volume of the world and ranked first in the world.

China

Futures industry

According to the latest statistics released by the association, the volume of commodity futures trading in August and the first 8 months of this year increased by 625% and 1183% respectively, compared with the same period last year.

And 7 days since the cotton futures trading volume exceeded 100 million hands (5 tons per hand), the total holdings of 10 days have exceeded 400 thousand hands.

The official of Zhengshang said that as of the end of June 2010,

Cotton related enterprises

The number of futures trading companies in Zhengshang has reached more than 3300, which is 20 times higher than that of 160 cotton futures. It has accounted for more than 20% of the total number of cotton enterprises in China.

Chen Tao, chairman of Louis Da Fu (Beijing) trading limited liability company, said at the forum that cotton was on the spot at present, and goods were not purchased in December.

However, there were experts at the meeting that although the low temperature, rainy weather and drought in the northern part of the South had led to less cotton growth than last year, and the domestic cotton inventory level is relatively low, the national picking is just beginning. Various uncertainties still exist. It is still too early to talk about the market.

Since the beginning of this year, the disagreement between different voices in the market has also contributed to the growth of cotton futures in Zhengzhou City as the most growing commodity futures in China this year.