Markets > Futures

Cotton futures close higher

Xinhua News,ZHENGZHOU
2020-03-10 16:40

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Cotton futures closed higher Tuesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for May 2020 delivery gained 250 yuan (about 36.03 U.S. dollars) to close at 12,450 yuan per tonne.

On Tuesday, the total trading volume for 6 listed cotton futures contracts on the ZCE was 463,901 lots with a turnover of 29.15 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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