Cotton futures close higher

0 Comment(s)Print E-mail Xinhua, November 29, 2024
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ZHENGZHOU, Nov. 29 (Xinhua) -- Cotton futures closed higher Friday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for January 2025 delivery gained 85 yuan (about 11.83 U.S. dollars) to close at 14,055 yuan per tonne.

On Friday, the total trading volume for six listed cotton futures contracts on the ZCE was 426,685 lots with a turnover of 29.93 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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