Xinhua Bulk Cotton And Four Kinds Of Yarns 29 On-Line Paction

Over 300 representatives of cotton industry and upstream and downstream enterprises of textile and chemical fiber industry chain attended the ceremony on the line in Xiaoshan, Hangzhou, Zhejiang, and discussed the promotion of spot trading of cotton.

Participants believed that the new cotton and yarn varieties that were launched by Xinhua were expected to promote effective docking between cotton and cotton yarn spot market and futures market.

Gao Yong, vice president of China Textile Industry Federation, was invited to attend the ceremony.

Yang Hongsen, general manager of Xinhua general assembly, said at the ceremony that the key node of the national cotton direct subsidy reform was officially launched. As a key part of Xinhua's global commodity pricing strategy, Xinhua announced the launch of cotton and yarn spot trading varieties, and the timing is of great significance.

They will directly welcome the tide of cotton marketization, and strive to build a cotton and cotton yarn trading platform that is leading, truly market-oriented and serves spot trade through market-oriented operation, stock based trading and interoperability.

It is reported that the first cotton and yarn varieties are cotton, pure cotton combed 32 knitted yarn, pure cotton combed 32 woven yarn, pure cotton combed 40 knitting yarn and pure cotton combed 40 woven yarn.

In order to ensure product quality and promote spot trading, Xinhua basically stipulated 4 basic attribute requirements for yarn items: cotton fiber content, linear density, twist and moisture regain. The quality requirements of 5 standard products were determined, namely dry evenness coefficient of variation, single yarn breaking strength, kilometer neps, 100 meter weight deviation and Mao Yu index.

And the corresponding premium is set on the three indexes of evenness coefficient of variation, single yarn breaking strength and Mao Yu index.

In addition, in order to cooperate with the cotton and yarn online trading, the Xinhua bulk and the enterprises of the state capital committee of the China Textile Organization Service Bureau of China Industrial Development Corporation jointly launched the "Xinhua Zhong Bo Big Market B2B" electronic spot trading platform.

The platform is formally launched, and it strives to build textile collection center, providing enterprise product display, enterprise publicity, commodity trading, information consulting service, optimizing enterprise purchase and sale management, and realizing resource complementarity and application synergy under line and line.

Xinhua's bulk

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Varieties on the line can be described as multi-party strength, strong strength.

Zheng Zhijian, deputy director of the State Council's textile Agency Service Bureau of the State Council, said that relying on a wide range of industry experts resources, this platform has the ability to provide comprehensive value-added services such as development planning, technical cooperation, production and business consulting and financial services for the vast number of enterprises.

At this ceremony, more than 300 cotton industry and textile and chemical fiber industry chain upstream and downstream business managers came to the scene.

Just now, people are still in a wait-and-see situation and dare not act hastily. At present, there is an urgent need for a platform that can truly adapt to the market and guarantee spot trading, so as to meet the needs of textile enterprises in risk hedging, commodity procurement and investment.

At the same time, spot traders have more confidence in whether the operation of Xinhua cotton yarn products can effectively meet spot trading. They think: first, the product quality requirements are higher, which is in line with the market demand trend, and is easier to get the favor of the market. It also helps to form a better brand effect. Second, the location of the delivery warehouse in Jiangsu and Zhejiang, which is relatively concentrated in the textile enterprises, can facilitate traders to make physical delivery, thereby promoting spot trading. Third, from the related content of the delivery method, we can see that through reasonable design, risk control, reducing the circulation link between China and the middle, and allowing the trading enterprises to directly butt joint to reduce the cost, this is quite attractive to the dealers who really want to make the delivery.