Markets > Futures

Cotton futures open higher

Xinhua News,ZHENGZHOU
2020-03-25 11:23

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Cotton futures opened higher Wednesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for May 2020 delivery gained 280 yuan (about 39.58 U.S. dollars) to open at 10,560 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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