Cotton futures close lower

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ZHENGZHOU, June 7 (Xinhua) -- Cotton futures closed lower Tuesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for September 2022 delivery lost 55 yuan (about 8.25 U.S. dollars) to close at 20,290 yuan per tonne.

On Tuesday, the total trading volume for six listed cotton futures contracts on the ZCE was 199,821.0 lots with a turnover of 20.36 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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