Cotton futures close higher

0 Comment(s)Print E-mail Xinhua, November 19, 2020
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ZHENGZHOU, Nov. 19 (Xinhua) -- Cotton futures closed higher Thursday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for January 2021 delivery gained 200 yuan (about 30.54 U.S. dollars) to close at 14,360 yuan per tonne.

On Thursday, the total trading volume for six listed cotton futures contracts on the ZCE was 344,680.0 lots with a turnover of 24.55 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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