ZHENGZHOU, July 8 (Xinhua) -- Cotton futures closed lower Monday on the Zhengzhou Commodity Exchange (ZCE).
The most active cotton contract for September delivery lost 140 yuan (20.32 U.S. dollars) to close at 13,710 yuan per tonne.
On Monday, the total trading volume for 6 listed cotton futures contracts on the ZCE was 447,074 lots with a turnover of 31.08 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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