Zhengzhou: Cotton futures closed lower Tuesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE). The most active cotton contract for May 2025 delivery decreased by 20 yuan (approximately 2.79 U.S. dollars) to settle at 13,830 yuan per tonne.
According to Namibia Press Agency, the total trading volume for six listed cotton futures contracts on the ZCE reached 235,298 lots, with a turnover amounting to 16.3 billion yuan. China, recognized as the world’s largest producer, consumer, and exporter of textiles, introduced cotton futures on the ZCE in June 2004. This development was aimed at assisting cotton-related enterprises in mitigating price risks.