Cotton futures close higher

0 Comment(s)Print E-mail Xinhua, February 7, 2023
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ZHENGZHOU, Feb. 7 (Xinhua) -- Cotton futures closed higher Tuesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for May 2023 delivery gained 15 yuan (about 2.21 U.S. dollars) to close at 14,915 yuan per tonne.

On Tuesday, the total trading volume for six listed cotton futures contracts on the ZCE was 534,915 lots with a turnover of 39.95 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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