ZHENGZHOU, May 15 (Xinhua) -- Cotton futures closed higher Thursday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).
The most active cotton contract for September 2025 delivery gained 25 yuan (about 3.47 U.S. dollars) to close at 13,415 yuan per tonne.
On Thursday, the total trading volume for six listed cotton futures contracts on the ZCE was 280,491 lots with a turnover of 18.8 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. ■
