ZHENGZHOU, May 29 (Xinhua) -- Cotton futures closed lower Thursday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).
The most active cotton contract for September 2025 delivery lost 10 yuan (about 1.39 U.S. dollars) to close at 13,320 yuan per tonne.
On Thursday, the total trading volume for six listed cotton futures contracts on the ZCE was 264,210 lots with a turnover of 17.55 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. ■
