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Cotton Futures Open Higher
September 8th, 2020 | 11:30 AM | 176 views
ZHENGZHOU
Cotton futures opened higher Tuesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).
The most active cotton contract for January 2021 delivery gained 25 yuan (about 3.66 U.S. dollars) to open at 12,940 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.
Source:
courtesy of XINHUA NEWS AGENCY
by XINHUA NEWS AGENCY
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