Home >

The Rules Of Futures Contract For Cotton Yarn Are Ready To Go Public.

2013/6/2 11:26:00 27

??? 日本語 Fran?ais English 中文

Big Business Institute Textile Industry Federation Cotton Yarn Futures

"P" recently, the head of the big business office visited the China a href= "http://www.91se91.com/news/" > the textile industry < /a > Federation. The Forum on cotton yarn futures contract rules design and future listing promotion was held. 
 in the forum, the relevant responsible person of DAC said that, on the basis of giving full play to the functions of the futures market, expanding the variety coverage to better serve the industry has always been the top priority of the big business; the China Textile Industry Federation responsible person believes that < a href= "http://www.91se91.com/news/index_c.asp" > cotton yarn Market < /a > high degree of price fluctuation, and the business environment faced by the enterprises is unstable. Listing a href= "http://www.91se91.com/news/index_c.asp" > cotton yarn futures < /a > can provide effective hedging tools, and enhance the discourse power of Chinese enterprises in international pricing, and promote the development of the cotton yarn industry. 
 according to the introduction, cotton yarn is a href= "http://www.91se91.com" > cotton textile industry < /a > intermediate product. It is the upstream material for printing, dyeing, dyed weaving, knitting and garment industries. It is widely used for weaving yarn and knitting yarn. It can also produce special industrial electric yellow wax cloth, wheel cord fabric, high-speed sewing thread and embroidery thread. In 2012, the output of China's cotton yarn was 28 million 430 thousand tons, the import volume was about 1400000 tons, the domestic apparent consumption was 27 million 900 thousand tons, and the market scale was relatively large. At the same time, influenced by many factors such as the cost of raw materials, labor costs and changes in supply and demand, cotton yarn prices fluctuate frequently, so cotton textile enterprises have a higher voice on the market. 
Since last year, in order to further improve cotton yarn futures contracts and rules, P has started a new round of research and demonstration on contract rules. In Jiangsu, Shaanxi and other places, the agricultural products division of the exchange visited the production, circulation enterprises and spot trading market of Jiangsu Dasheng Group Limited, Nantong crown textile mall, Xi'an Textile Group, etc., and conducted a survey on the new market situation of cotton yarn production and consumption, trade circulation, quality inspection, warehousing and spanportation, and further revised and adjusted the futures contract and rules system. In the market research, spot enterprises reflect that the price of cotton yarn has fluctuated greatly in recent years. For example, since March 2011, the price of cotton yarn has fluctuated between 39200 yuan / ton and 25400 yuan / ton, which has 35.2% great impact on the production and operation of enterprises. At present, domestic A href= "http://www.91se91.com" > cotton spinning enterprise < /a > high raw material cost, production is generally in a state of loss. The profits of main enterprises are generally declining compared with the previous years. The pressure of business operation is very large. Some small and medium-sized enterprises are forced to stop production because of the high cost, so they hope that the exchange can provide effective risk management tools for listed cotton yarn futures. 
 The Research Institute of agricultural products division of DAC has told reporters that the domestic cotton yarn industry has a high degree of marketization and full competition, and there is no market monopoly in the production, trade and consumption links. The varieties are easy to standardize, the inspection methods are mature, the storage and spanportation of varieties are convenient, the trade flows are clear, and the cotton yarn futures market is well established and fully qualified. At present, the big business office has completed the report of the variety establishment materials. Next, the big business office will take the opportunity of in-depth cooperation with the industry organizations, continue to go deep into the industrial research, and comprehensively promote the development and demonstration of cotton yarn varieties, and further improve the cotton < a href= "http://www.91se91.com" > yarn futures < /a > contracts and systems, so as to prepare for the application of the contract.