Cotton futures closed lower Friday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).
The most active cotton contract for January 2022 delivery lost 150 yuan (about 23.50 U.S. dollars) to close at 21,745 yuan per tonne.
On Friday, the total trading volume for six listed cotton futures contracts on the ZCE was 300,831 lots with a turnover of 32.36 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.
