After the study, it is decided that the announcement of cotton futures instead of delivery products will be implemented as follows: (see table below), and cotton production since 2020/21 has been implemented.

When the warehouse receipt is cancelled, the natural variation will cause the color grade of the cotton to exceed the range of the above mentioned items and exceed the scope of the natural variability stipulated in the "Zhengzhou commodity exchange standard warehouse receipt and the transfer warehouse receipt management regulations". During the reconsideration period, the discount will be carried out according to the "quality difference price table of zigzag processed fine grain cotton in November 2019" issued by the China Cotton Association in November 2019.

Notice hereby.

Zhengzhou commodity exchange

November 11, 2019