Cotton futures open lower

0 Comment(s)Print E-mail Xinhua, February 03, 2020
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ZHENGZHOU, Feb. 3 (Xinhua) -- Cotton futures opened lower Monday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for May 2020 delivery lost 945 yuan (about 136.46 U.S. dollars) to open at 12,570 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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