Cotton futures close higher

0 Comment(s)Print E-mail Xinhua, November 04, 2024
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ZHENGZHOU, Nov. 4 (Xinhua) -- Cotton futures closed higher Monday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for January 2025 delivery gained 30 yuan (about 4.21 U.S. dollars) to close at 14,080 yuan per tonne.

On Monday, the total trading volume for six listed cotton futures contracts on the ZCE was 361,370.0 lots with a turnover of 25.48 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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