Cotton futures close higher

ZHENGZHOU, June 8– Cotton futures closed higher Thursday in daytime trading on the Zhengzhou Commodity Exchange. The most active cotton contract for September 2023 delivery gained 100 yuan to close at 16,865 yuan per tonne. As the world’s largest producer, consumer and exporter of textile, China listed cotton futures on ZCE in June 2004, helping cotton-related…

ZHENGZHOU, June 8 (Xinhua) — Cotton futures closed higher Thursday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for September 2023 delivery gained 100 yuan (about 14.03 U.S. dollars) to close at 16,865 yuan per tonne.

On Thursday, the total trading volume for six listed cotton futures contracts on the ZCE was 828,116 lots with a turnover of 69.53 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