Markets > Futures

Cotton futures open lower

Xinhua News,ZHENGZHOU
2020-07-29 11:00

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ZHENGZHOU, July 29 (Xinhua) -- Cotton futures opened lower Wednesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for September 2020 delivery lost 15 yuan (about 2.14 U.S. dollars) to open at 11,965 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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