Markets > Futures

Cotton futures close higher

Xinhua News,ZHENGZHOU
2020-04-09 16:32

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ZHENGZHOU, April 9 (Xinhua) -- Cotton futures closed higher Thursday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for September 2020 delivery gained 50 yuan (about 7.09 U.S. dollars) to close at 11,515 yuan per tonne.

On Thursday, the total trading volume for 6 listed cotton futures contracts on the ZCE was 465,623 lots with a turnover of 26.7 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.
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