Cotton futures open higher
Xinhua |
Updated: 2020-08-07 16:41
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ZHENGZHOU -- Cotton futures opened higher Friday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).
The most active cotton contract for September 2020 delivery gained 130 yuan (about $18.73) to open at 12,290 yuan per ton.
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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