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Cotton futures close higher

2022-01-11 17:29

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ZHENGZHOU, Jan. 11 (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 55 yuan (about 8.6 U.S. dollars) to close at 21,115 yuan per tonne.

On Tuesday, the total trading volume for six listed cotton futures contracts on the ZCE was 266,400 lots with a turnover of 28.2 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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