Markets > Futures

Cotton futures close higher

ZHENGZHOU
2022-08-09 16:33

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ZHENGZHOU, Aug. 9 (Xinhua) -- Cotton futures closed higher Tuesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for January 2023 delivery gained 230 yuan (about 34.03 U.S. dollars) to close at 14,295 yuan per tonne.

On Tuesday, the total trading volume for six listed cotton futures contracts on the ZCE was 568,902.0 lots with a turnover of 40.61 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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