Cotton futures open lower

0 Comment(s)Print E-mail Xinhua, October 20, 2020
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ZHENGZHOU, Oct. 20 (Xinhua) -- Cotton futures opened lower Tuesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for January 2021 delivery lost 50 yuan (about 7.47 U.S. dollars) to open at 14,935 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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