ZHENGZHOU, April 8 (Xinhua) -- Cotton futures closed lower Monday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).
The most active cotton contract for May 2024 delivery lost 45 yuan (about 6.34 U.S. dollars) to close at 16,185 yuan per tonne.
On Monday, the total trading volume for six listed cotton futures contracts on the ZCE was 330,385.0 lots with a turnover of 26.81 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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