ZHENGZHOU, Jan. 9 (Xinhua) -- Cotton futures closed lower Friday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).
The most active cotton contract for May 2026 delivery lost 190 yuan (about 27.09 U.S. dollars) to close at 14,675 yuan per tonne.
On Friday, the total trading volume for six listed cotton futures contracts on the ZCE was 646,858 lots with a turnover of 47.73 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. ■
