Cotton futures close higher

ZHENGZHOU, Jan. 31– Cotton futures closed higher Tuesday in daytime trading on the Zhengzhou Commodity Exchange. The most active cotton contract for May 2023 delivery gained 95 yuan to close at 15,100 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, Jan. 31 (Xinhua) — Cotton futures closed higher Tuesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for May 2023 delivery gained 95 yuan (about 14.05 U.S. dollars) to close at 15,100 yuan per tonne.

On Tuesday, the total trading volume for six listed cotton futures contracts on the ZCE was 540,167 lots with a turnover of 40.72 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