Cotton futures close higher

0 Comment(s)Print E-mail Xinhua, December 8, 2022
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ZHENGZHOU, Dec. 8 (Xinhua) -- Cotton futures closed higher Thursday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for May 2023 delivery gained 30 yuan (about 4.31 U.S. dollars) to close at 13,690 yuan per tonne.

On Thursday, the total trading volume for six listed cotton futures contracts on the ZCE was 571,473 lots with a turnover of 38.97 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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