ZHENGZHOU, May 21 (Xinhua) -- Cotton futures closed higher Tuesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).
The most active cotton contract for September 2024 delivery gained 35 yuan (about 4.92 U.S. dollars) to close at 15,340 yuan per tonne.
On Tuesday, the total trading volume for six listed cotton futures contracts on the ZCE was 343,845 lots with a turnover of 26.29 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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