ZHENGZHOU, Sept. 6 (Xinhua) — Cotton futures closed higher Wednesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).
The most active cotton contract for January 2024 delivery gained 150 yuan (about 20.84 U.S. dollars) to close at 17,650 yuan per tonne.
On Wednesday, the total trading volume for six listed cotton futures contracts on the ZCE was 519,690 lots with a turnover of 45.93 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.