On May 16, ZCE cotton futures market moved upward strongly and it has reached the maximum increase of 4% when the market ended in the morning. Large volumes of shorts entered the market to depress the market on the night of May 16 and May 17, but the upward trend was firm and in the afternoon of May 17, the market rebounded again. Jan’19 contract has risen by 855yuan/mt in two days.
This round of surge gains much attention and most players thought it was affected by the bad weather conditi