ZHENGZHOU, April 24 (Xinhua) — Cotton futures closed lower Wednesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).
The most active cotton contract for September 2024 delivery lost 70 yuan (about 9.85 U.S. dollars) to close at 15,805 yuan per tonne.
On Wednesday, the total trading volume for six listed cotton futures contracts on the ZCE was 351,598.0 lots with a turnover of 27.7 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.