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Cotton futures close higher

ZHENGZHOU
2021-12-28 17:07

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ZHENGZHOU, Dec. 28 (Xinhua) -- Cotton futures closed higher Tuesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for May 2022 delivery gained 250 yuan (about 39.2 U.S. dollars) to close at 20,250 yuan per tonne.

On Tuesday, the total trading volume for six listed cotton futures contracts on the ZCE was 358,095 lots with a turnover of 36.35 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.
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