Cotton futures close lower

0 Comment(s)Print E-mail Xinhua, March 28, 2024
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ZHENGZHOU, March 28 (Xinhua) -- Cotton futures closed lower Thursday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for May 2024 delivery lost 10 yuan (about 1.41 U.S. dollars) to close at 15,925 yuan per tonne.

On Thursday, the total trading volume for six listed cotton futures contracts on the ZCE was 449,306 lots with a turnover of 35.8 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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