Cotton futures close higher

0 Comment(s)Print E-mail Xinhua, July 26, 2024
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ZHENGZHOU, July 26 (Xinhua) -- Cotton futures closed higher Friday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for September 2024 delivery gained 70 yuan (about 9.82 U.S. dollars) to close at 14,155 yuan per tonne.

On Friday, the total trading volume for six listed cotton futures contracts on the ZCE was 465,170 lots with a turnover of 32.9 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 the price risk. Enditem

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