Markets > Futures

Cotton futures open lower

Xinhua News,ZHENGZHOU
2020-03-12 10:01

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Cotton futures opened lower Thursday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for May 2020 delivery lost 85 yuan (about 12.21 U.S. dollars) to open at 12,320 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.
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