Cotton futures open lower

0 Comment(s)Print E-mail Xinhua, January 02, 2020
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ZHENGZHOU, Jan. 2 (Xinhua) -- Cotton futures opened lower Thursday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for May 2020 delivery lost 45 yuan (about 6.46 U.S. dollars) to open at 13,940 yuan per tonne.

As the world's largest producer, consumer and exporter of textile, China listed cotton futures on ZCE in June 2004, helping cotton-related enterprises hedge the price risk. Enditem

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