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Cotton futures close lower

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

The most active cotton contract for January 2025 delivery lost 5 yuan (about 70.3 U.S. cents) to close at 13,750 yuan per tonne.

On Friday, the total trading volume for six listed cotton futures contracts on the ZCE was 358,264.0 lots with a turnover of 24.7 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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