继成功推出小麦期货后,棉花期货在中国首家农产品期货交易所郑州商品交易所上市的半年多时间,其价格发现功能日渐凸显。郑棉期货价格除与全国棉花协会发布的棉花现货价格指数走势基本一致外,也与国际棉花期货价格走势保持了基本一致,并已开始影响纽约棉花期货价格指数的走势。 Following the successful launch of the wheat futures, cotton futures are more than half a year old on the Zhengzhou Commodity Exchange, China’s first agricultural commodity futures exchange, and its price discovery function is becoming increasingly prominent. The Zheng cotton futures price is basically consistent with the trend of cotton spot price index issued by the National Cotton Association, but it also maintains the same trend with the international cotton futures price trend, and has begun to affect the trend of the New York cotton futures price index.