Markets > Futures

Cotton futures close lower

Xinhua News,ZHENGZHOU
2020-03-11 17:31

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Cotton futures closed lower Wednesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for May 2020 delivery lost 100 yuan (about 14.37 U.S. dollars) to close at 12,325 yuan per tonne.

On Wednesday, the total trading volume for 6 listed cotton futures contracts on the ZCE was 297,076 lots with a turnover of 18.62 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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