ZHENGZHOU, June 11 (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 150 yuan (about 21.09 U.S. dollars) to close at 14,995 yuan per tonne.
On Tuesday, the total trading volume for six listed cotton futures contracts on the ZCE was 398,324 lots with a turnover of 29.83 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.