Markets > Futures

Cotton futures close higher

ZHENGZHOU
2022-02-24 16:50

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ZHENGZHOU, Feb. 24 (Xinhua) -- Cotton futures closed higher Thursday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for May 2022 delivery gained 145 yuan (about 22.91 U.S. dollars) to close at 21,450 yuan per tonne.

On Thursday, the total trading volume for six listed cotton futures contracts on the ZCE was 316,533 lots with a turnover of 33.54 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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