Cotton futures open lower

0 Comment(s)Print E-mail Xinhua, May 25, 2020
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ZHENGZHOU, May 25 (Xinhua) -- Cotton futures opened lower Monday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for September 2020 delivery lost 120 yuan (about 16.85 U.S. dollars) to open at 11,575 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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