Cotton futures close lower

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ZHENGZHOU, Oct. 20 (Xinhua) -- Cotton futures closed lower Tuesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for January 2021 delivery lost 155 yuan (about 23.16 U.S. dollars) to close at 14,830 yuan per tonne.

On Tuesday, the total trading volume for six listed cotton futures contracts on the ZCE was 863,714.0 lots with a turnover of 63.93 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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