Cotton futures close lower

ZHENGZHOU, Nov. 1– Cotton futures closed lower Wednesday in daytime trading on the Zhengzhou Commodity Exchange. The most active cotton contract for January 2024 delivery lost 270 yuan to close at 15,530 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, Nov. 1 (Xinhua) — Cotton futures closed lower Wednesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for January 2024 delivery lost 270 yuan (about 37.62 U.S. dollars) to close at 15,530 yuan per tonne.

On Wednesday, the total trading volume for six listed cotton futures contracts on the ZCE was 758,595 lots with a turnover of 59.18 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