Cotton Futures Are Expected To Be Traded In The Year

After the listing of < p > a href= "//www.sjfzxm.com/news/index_f.asp" > cotton yarn < /a > futures, cotton futures will be formed together with cotton futures to provide a more comprehensive risk management tool for the production and operation of cotton enterprises, especially a href= //www.sjfzxm.com/news/index_f.asp.

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< p > cotton silk futures going forward will speed up.

Recently, the reporter learned from the seminar on cotton situation held by Henan Cotton Association in 2014. On the basis of previous research, Zheng Shang will strive to complete the collection of cotton yarn futures market and the confirmation of the factory Library in 2 to 3 months. If the promotion goes smoothly, the cotton yarn futures are expected to be traded in the year.

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< p > China's existing spinning scale is about 120 million spindles, with an annual output of 13 million tons of cotton yarn, < a href= "//www.sjfzxm.com" > yarn > /a > 29 million tons.

As a downstream product of cotton, the cotton futures futures will initially form a cotton futures variety system together with cotton futures to provide a more comprehensive risk management tool for cotton producers, especially cotton textile enterprises.

"At present, the domestic cotton market is in the pition stage from" policy city "to" market city ", and the time for listing cotton yarn futures is ripe.

Zhang Wenmin, general manager of Wanda futures cotton industry division, said that at this point, the listing of cotton yarn futures can complete the effective docking between the spot market and the futures market in a short time.

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< p > for a long time, the domestic cotton yarn market lacks an authoritative price. The textile enterprises are relatively blind when arranging production and operation plans. For example, the price difference between cotton and yarn at home and abroad is as high as several thousand yuan per ton, but many textile enterprises do not understand the actual situation of the domestic cotton yarn market, and the production plan drawn up is divorced from the market reality, resulting in waste of resources.

Especially in recent years, cotton and cotton yarn prices fluctuate frequently. In the process of cotton purchasing, processing and cotton yarn sales, enterprises often encounter "two hit" situation.

In this regard, some large textile enterprises can barely afford it, and a large number of small and medium-sized enterprises simply can not afford it.

Textile enterprises urgently need to use futures market to manage the price fluctuation risk of raw materials and finished products.

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< p > at the same time, the impact of imported cotton yarn on domestic cotton yarn market is also increasing.

In 2012, China imported 1 million 530 thousand tons of cotton yarn, an increase of 69% over the same period last year.

From 1 to October 2013, China imported 1 million 750 thousand tons of cotton yarn, an increase of 44% over the same period. It is estimated that imports of cotton yarn will be 2 million 100 thousand to 2 million 200 thousand tons a year.

According to another forecast, cotton yarn imported from China is 3 million to 4 million tons this year.

Many textile companies that participated in the seminar said they would take an active part in the future of cotton yarn futures.

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< p > < < a href= > //www.sjfzxm.com > > cotton < /a > futures, the quality inspection rules of futures delivery cotton mainly established by instrument standard test were established, which changed the domestic cotton market for more than 40 years, and played a positive role in improving the quality of domestic cotton.

Zhang Wenmin told reporters that at present, the industry is looking forward to the listing of cotton yarn futures. After the listing of cotton yarn futures, the cotton textile industry and the whole cotton industry structure adjustment and pformation and upgrading will be promoted.

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< p > it is understood that in addition to speeding up the listing of cotton yarn futures, Zhengshang will also increase its R & D efforts for cottonseed, cottonseed meal, raw silk, silkworm cocoon, < a href= "//www.sjfzxm.com" > polyester < /a > staple fiber this year.

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