Cotton futures close higher

Author: 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 20 yuan (about 2.90 U.S. dollars) to close at 15,175 yuan per tonne. On Thursday, the total trading volume for six listed cotton futures contracts on the ZCE was 648,502 lots with a turnover of 49.1 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.

Share
Leave a Comment

Recent Posts

  • Pakistan

PTI leadership ‘reaches Adiala’ to meet Imran

  In a dramatic turn of events, top leadership of Pakistan Tehreek-e-Insaf (PTI) has reached…

19 hours ago
  • Pakistan

The march is on despite ‘crackdown

As PTI convoys from across the country kept on marching Islamabad for the party's much-touted…

23 hours ago
  • Pakistan

PM tasks Punjab, NA speakers with placating PPP

Prime Minister Shahbaz Sharif has instructed the speakers of the national assembly and Punjab's provincial…

23 hours ago
  • Pakistan

Kurram warring tribes agree on 7-day ceasefire

Following the government's efforts to ease tensions in Kurram, a ceasefire was agreed between the…

23 hours ago
  • Pakistan

Polio tally hits 55 after three more cases surface

In a worrying development, Pakistan's poliovirus tally has reached 55 after three more children were…

23 hours ago
  • Cartoons

TODAY’S CARTOON

24 hours ago