Cotton futures close higher
Author: Monitoring Desk

Cotton futures closed higher Thursday in daytime trading on the Zhengzhou Commodity Exchange (ZCE). The most active cotton contract for January 2022 delivery gained 195 yuan (about 30.31 U.S. dollars) to close at 17,620 yuan per tonne. On Thursday, the total trading volume for six listed cotton futures contracts on the ZCE was 383,261 lots with a turnover of 33.63 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.
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