Zheng Shang's Active Research And Development Of Cotton Yarn Futures Provide New Tools To Avoid Risks.

Here world clothing shoes The Xiaobian of the hat net tells us that Zheng Shang is actively developing cotton yarn futures.

On the eve of May 1, the Zhengzhou research group went to Kuitun, Shihezi and other places in Xinjiang to conduct a field inspection of the cotton market, and held a forum on "cotton futures for the Xinjiang cotton industry service" in Urumqi. Zhang Fan, chairman of Zheng Shang, said at the symposium that Zheng Shang is actively developing cotton yarn futures, forming a cotton industry chain system as soon as possible, and better for the majority of cotton enterprises. Spin Enterprises provide new tools to avoid risks.

At present, Xinjiang's cotton market occupies a very important position in the whole country. In 2013, Xinjiang's cotton output reached 4 million 500 thousand tons, accounting for about 2/3 of the total output of the country. This year, Central Document No. 1 clearly put forward a pilot project to promote cotton target price subsidies in Xinjiang. Subsequently, the national development and Reform Commission and other departments announced the target price of cotton in Xinjiang was 19800 yuan / ton. In view of the adjustment of the national cotton purchase and storage policy, the new cotton Xinjiang cotton will return to the market. However, faced with the implementation rules of target prices and so on, many cotton enterprises in Xinjiang will encounter greater uncertainty in their operation. Over the past three cotton years, more than 90% of cotton purchased by cotton enterprises in Xinjiang was acquired by the state, which resulted in a long time for Xinjiang cotton to break away from the downstream cotton textile market and need to re-establish the sales channels of the cotton market.

Some participatory cotton enterprises said they would use the cotton futures market to find prices, avoid risks and lock in the functions of price gains, and actively participate in cotton futures trading, hedge and stabilize their operations. It is hoped that Zhengshang and Futures Company will provide comprehensive and efficient service guidance for cotton related enterprises.

Zhang Fan said that the implementation of the national cotton target price policy pilot will undoubtedly bring a big "change" to the cotton market. Under the new policy environment, Zheng Shang will further strengthen the activities of futures service for cotton industry, organize cotton futures trading better, give full play to the function of price discovery and risk aversion of cotton futures, cooperate with the adjustment of national macro policies, and provide services for the vast number of cotton enterprises, including Xinjiang.

Regarding the issue of the security of cotton purchase loans issued by the Agricultural Development Bank, Zhang Fan believes that the price protection of the state's purchase and storage will gradually be transferred to the use of futures market hedging function and other market-based means to ensure the safety of loan funds.

During the survey, Zheng Shang's line was right. cotton Business enterprises have conducted extensive communication and exchanges. Generally speaking, the spring sowing has basically ended. In addition to a few plots damaged by the weather, the cotton planting area is basically flat compared with last year.