Markets > Futures

Cotton futures close higher

ZHENGZHOU
2022-03-08 17:30

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ZHENGZHOU, March 8 (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 280 yuan (about 44 U.S. dollars) to close at 21,440 yuan per tonne.

On Tuesday, the total trading volume for six listed cotton futures contracts on the ZCE was 406,391 lots with a turnover of 42.77 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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