ZHENGZHOU, April 28 (Xinhua) — Cotton futures closed higher Friday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).
The most active cotton contract for September 2023 delivery gained 210 yuan (about 30.33 U.S. dollars) to close at 15,485 yuan per tonne.
On Friday, the total trading volume for six listed cotton futures contracts on the ZCE was 883,165 lots with a turnover of 67.89 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.