Cotton Futures Experience Downturn on Zhengzhou Commodity Exchange

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Zhengzhou: Cotton futures closed lower Thursday in daytime trading on the Zhengzhou Commodity Exchange (ZCE). The most active cotton contract for September 2025 delivery lost 10 yuan (about 1.39 U.S. dollars) to close at 13,320 yuan per tonne.

According to Namibia Press Agency, the total trading volume for six listed cotton futures contracts on the ZCE was 264,210 lots with a turnover of 17.55 billion yuan on Thursday.

China, known as the world's largest producer, consumer, and exporter of textiles, listed cotton futures on the ZCE in June 2004. This move was aimed at aiding cotton-related enterprises in hedging against price risks.