Markets > Futures

Cotton futures close lower

ZHENGZHOU
2022-03-29 16:43

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ZHENGZHOU, March 29 (Xinhua) -- Cotton futures closed lower Tuesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for May 2022 delivery lost 130 yuan (about 20.43 U.S. dollars) to close at 21,740 yuan per tonne.

On Tuesday, the total trading volume for six listed cotton futures contracts on the ZCE was 266,437 lots with a turnover of 28.61 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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