ZHENGZHOU, Aug. 30 (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 120 yuan (about 16.71 U.S. dollars) to close at 17,610 yuan per tonne.
On Wednesday, the total trading volume for six listed cotton futures contracts on the ZCE was 442,423 lots with a turnover of 38.89 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.