Cotton futures close lower
ZHENGZHOU, April 14– Cotton futures closed lower Thursday in daytime trading on the Zhengzhou Commodity Exchange. The most active cotton contract for May 2022 delivery lost 25 yuan to close at 21,550 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, April 14 (Xinhua) — Cotton futures closed lower Thursday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).
The most active cotton contract for May 2022 delivery lost 25 yuan (about 3.93 U.S. dollars) to close at 21,550 yuan per tonne.
On Thursday, the total trading volume for six listed cotton futures contracts on the ZCE was 347,367 lots with a turnover of 37.09 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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