Markets > Futures

Cotton futures close lower

ZHENGZHOU
2022-02-28 16:31

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ZHENGZHOU, Feb. 28 (Xinhua) -- Cotton futures closed lower Monday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for May 2022 delivery lost 445 yuan (about 70.39 U.S. dollars) to close at 20,720 yuan per tonne.

On Monday, the total trading volume for six listed cotton futures contracts on the ZCE was 387,502.0 lots with a turnover of 40.12 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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