ZHENGZHOU, Nov. 12 (Xinhua) -- Cotton futures closed higher Thursday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).
The most active cotton contract for January 2027 delivery gained 120 yuan (about 17.86 U.S. dollars) to close at 15,535 yuan per tonne.
On Thursday, the total trading volume for six listed cotton futures contracts on the ZCE was 498,425 lots with a turnover of 38.41 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. ■
