Cotton futures close lower

0 Comment(s)Print E-mail Xinhua, April 30, 2024
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ZHENGZHOU, April 30 (Xinhua) -- Cotton futures closed lower Tuesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for September 2024 delivery lost 95 yuan (about 13.37 U.S. dollars) to close at 15,655 yuan per tonne.

On Tuesday, the total trading volume for six listed cotton futures contracts on the ZCE was 271,298.0 lots with a turnover of 21.25 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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