Cotton futures close higher

ZHENGZHOU, July 6– Cotton futures closed higher Tuesday in daytime trading on the Zhengzhou Commodity Exchange. The most active cotton contract for September 2021 delivery gained 280 yuan to close at 16,610 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, July 6 (Xinhua) — Cotton futures closed higher Tuesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for September 2021 delivery gained 280 yuan (about 43.33 U.S. dollars) to close at 16,610 yuan per tonne.

On Tuesday, the total trading volume for six listed cotton futures contracts on the ZCE was 408,987 lots with a turnover of 34.01 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