Cotton futures close lower
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E-mail Xinhua, October 21, 2024
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ZHENGZHOU, Oct. 21 (Xinhua) -- Cotton futures closed lower Monday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).
The most active cotton contract for January 2025 delivery lost 30 yuan (about 4.23 U.S. dollars) to close at 14,020 yuan per tonne.
On Monday, the total trading volume for six listed cotton futures contracts on the ZCE was 320,859 lots with a turnover of 22.52 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. Enditem
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