Cotton futures close lower

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ZHENGZHOU, Sept. 23 (Xinhua) -- Cotton futures closed lower Wednesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for January 2021 delivery lost 60 yuan (about 8.83 U.S. dollars) to close at 12,820 yuan per tonne.

On Wednesday, the total trading volume for six listed cotton futures contracts on the ZCE was 329,261 lots with a turnover of 21.17 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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