Cotton futures close lower

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ZHENGZHOU, Sept. 4 (Xinhua) -- Cotton futures closed lower Wednesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for January 2025 delivery lost 150 yuan (about 21.08 U.S. dollars) to close at 13,565 yuan per tonne.

On Wednesday, the total trading volume for six listed cotton futures contracts on the ZCE was 713,315.0 lots with a turnover of 48.93 billion yuan.

As the world's largest producer, consumer and exporter of textiles, China listed cotton futures on ZCE in June 2004, helping cotton-related enterprises hedge the price risk. Enditem

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