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Cotton futures close higher

2022-01-14 16:28

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ZHENGZHOU, Jan. 14 (Xinhua) -- Cotton futures closed higher Friday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for May 2022 delivery gained 35 yuan (about 5.5 U.S. dollars) to close at 21,335 yuan per tonne.

On Friday, the total trading volume for six listed cotton futures contracts on the ZCE was 228,420 lots with a turnover of 24.31 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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