Cotton futures open lower

0 Comment(s)Print E-mail Xinhua, January 21, 2020
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ZHENGZHOU, Jan. 21 (Xinhua) -- Cotton futures opened lower Tuesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for May 2020 delivery lost 105 yuan (about 15.3 U.S. dollars) to open at 13,970 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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