Markets > Futures

Cotton futures close lower

ZHENGZHOU
2023-06-19 16:29

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ZHENGZHOU, June 19 (Xinhua) -- Cotton futures closed lower Monday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for September 2023 delivery lost 385 yuan (about 54.07 U.S. dollars) to close at 16,475 yuan per tonne.

On Monday, the total trading volume for six listed cotton futures contracts on the ZCE was 1,097,195 lots with a turnover of 91.3 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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