ZHENGZHOU – Cotton futures closed lower Wednesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active cotton contract for September 2020 delivery lost 35 yuan ($5.02) to close at 12,070 yuan per ton.

On Wednesday, the total trading volume for five listed cotton futures contracts on the ZCE was 298,424 lots with a turnover of 18.3 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Bill Gates says Trump’s decision to halt WHO funding is ‘as dangerous as it sounds’

(CNN)The President’s decision to withhold funding to the World Health Organization pending a review of its handling of the coronavirus pandemic is “as dangerous as it sounds,” Bill Gates said Wednesday. “Their work is slowing the spread of COVID-19 and…

Bus service, cement roads to become universal at end of year

Bus services will be available at all townships and administrative villages where conditions allow by the end of this year as part of the country’s poverty alleviation efforts, a top transport official said on Tuesday. Li Xiaopeng, minister of transport,…

Futures drop as data set to show historic second-quarter slump

(Reuters) – U.S. stock index futures fell on Thursday with investors staying cautious ahead of data that is likely to confirm the COVID-19 pandemic caused the steepest pace of economic contraction since the Great Depression in the second quarter. Gross…

Cross-province group tourism resumes in China

Cross-province group tourism has resumed in seven regions in China by Thursday, as the Ministry of Culture and Tourism allows cross-province, city and district group tourism to resume conditionally, the Beijing News reported on Thursday. These seven regions include Shanghai,…