Cotton futures plummeted to the daily limit

Source: Xinhua| 2019-08-05 17:09:21|Editor: huaxia
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ZHENGZHOU, Aug. 5 (Xinhua)-- Cotton futures closed lower Monday on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for September delivery lost 510 yuan (73.67 U.S. dollars) to close at 12,225 yuan per tonne.

On Monday, the total trading volume for 6 listed cotton futures contracts on the ZCE was 880,342 lots with a turnover of 56.17 billion yuan.

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 price risks. Enditem