ZHENGZHOU, April 17 (Xinhua) -- Cotton futures closed lower Wednesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).
The most active cotton contract for September 2024 delivery lost 290 yuan (about 40.83 U.S. dollars) to close at 16,100 yuan per tonne.
On Wednesday, the total trading volume for six listed cotton futures contracts on the ZCE was 708,043 lots with a turnover of 57.1 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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