Cotton futures close lower

0 Comment(s)Print E-mail Xinhua, August 14, 2024
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ZHENGZHOU, Aug. 14 (Xinhua) -- Cotton futures closed lower Wednesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for January 2025 delivery lost 210 yuan (about 29.41 U.S. dollars) to close at 13,395 yuan per tonne.

On Wednesday, the total trading volume for six listed cotton futures contracts on the ZCE was 569,366 lots with a turnover of 38.2 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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