ZHENGZHOU, July 18 (Xinhua) -- Cotton futures closed higher Friday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).
The most active cotton contract for September 2025 delivery gained 115 yuan (about 16.08 U.S. dollars) to close at 14,270 yuan per tonne.
On Friday, the total trading volume for six listed cotton futures contracts on the ZCE was 489,983 lots with a turnover of 34.83 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. ■
