Markets > Futures

Cotton futures close lower

ZHENGZHOU
2024-06-04 17:19

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ZHENGZHOU, June 4 (Xinhua) -- Cotton futures closed lower Tuesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for September 2024 delivery lost 140 yuan (about 19.70 U.S. dollars) to close at 14,940 yuan per tonne.

On Tuesday, the total trading volume for six listed cotton futures contracts on the ZCE was 396,845 lots with a turnover of 29.67 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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