Cotton futures close lower

0 Comment(s)Print E-mail Xinhua, October 29, 2024
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ZHENGZHOU, Oct. 29 (Xinhua) -- Cotton futures closed lower Tuesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for January 2025 delivery lost 120 yuan (about 16.83 U.S. dollars) to close at 14,000 yuan per tonne.

On Tuesday, the total trading volume for six listed cotton futures contracts on the ZCE was 448,448 lots with a turnover of 31.53 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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