1, there is no difference between the first and second types of cotton futures, and there is no difference between the "1 cotton futures contract and No.2 cotton futures contract" mentioned on the first floor (at present), because Zhengzhou Exchange has only launched the "1 cotton futures contract" at present, and no one knows what the standard is for the "No.2 cotton futures contract" to be launched in the future.

2. There are two types of cotton warehouse receipts:

The first-class warehouse receipt refers to the warehousing warehouse receipt that has passed the inspection before June 30 of the year of delivery, and its delivery period is valid until September of the following year.

The second-class warehouse receipt refers to the warehousing warehouse receipt that was picked up and delivered for inspection after 165438+ 10, and its delivery period is valid until the following year 165438+ 10.