ZHENGZHOU, Jan. 24 (Xinhua) -- Cotton futures closed higher Friday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).
The most active cotton contract for May 2025 delivery gained 75 yuan (about 10.46 U.S. dollars) to close at 13,590 yuan per tonne.
On Friday, the total trading volume for six listed cotton futures contracts on the ZCE was 336,024 lots with a turnover of 22.72 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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