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    Hebei Provincial Cotton Industry Summit Held In Shijiazhuang

    2010/8/30 10:50:00 54

    Cotton Industry

    From the whole world financial crisis Since then, China Cotton spinning industry Through the baptism of crisis, we also realized the true meaning of "crisis" and "risk". How to avoid the risks brought by the fluctuation of cotton prices, lock in production costs and achieve the expected profit has become a problem of concern to the cotton spinning industry. Today, in line with the idea of serving the enterprises and serving the real economy, the Hebei Summit on cotton industry held by Yongan futures is held in Shijiazhuang. The Hebei Securities Regulatory Commission, Hebei finance office, Hebei provincial SASAC, Hebei Academy of Agricultural Sciences and Hebei Cotton Textile Association and other relevant units attended the meeting.


    At the meeting, Yongan futures cotton experts and Hebei cotton textile enterprises representatives analyzed from different angles respectively. Cotton futures And the spot market price trend, and grasp the latent opportunities under the "crisis". Through this meeting, cotton textile enterprises have an in-depth understanding of how to use the futures market to circumvent the operational risks brought by the fluctuation of cotton prices, and walk on the "two legs" in the current and current market, so as to maximize the profits of enterprises and make Hebei's cotton industry stronger and bigger.

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    Reinhard: The Key Support Is 81.60-79 Cents.

    New York cotton - this week prices continue to challenge last week's highest point of 86 cents (10 year December contract base price), but due to lack of energy, can not break through the current trading pattern.

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