Jingjiang, Guangxi: It Is Estimated That More Than 20 Thousand Silkworms Will Be Raised Throughout The Year.

"In the first half of the year, I raised 10 silkworms, averaging 65 kilograms per cocoon, and 18 yuan per catty.

The income is more than 20 thousand yuan.

Recently, the village of Ma Tong Village in Jingxi County, South Slope Township, has counted the income of sericulture.

Past times,

The structure of agricultural industry is single and farmers' income is slow.

In 2009, Ma Tong Village in the township actively responded to the call of the Party committee and government to vigorously readjust the agricultural industrial structure and develop mulberry and silkworm rearing.

After years of development, the original more than 300 acres of maize dryland have basically been replanted to mulberry trees, and every household has raised silkworms. The largest silkworm rearing family has more than 20 mu of mulberry trees. According to the market price this year, the annual income can reach about 70 thousand yuan.

According to preliminary statistics, as of October 8th, 18872 silkworms were produced in the county, and the output of fresh cocoons on the market was 614 thousand kilograms, with an output value of 24 million 570 thousand yuan.

It is estimated that more than 20 thousand silkworms will be produced throughout the whole year, and the output value is expected to reach 30 million yuan.

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For polyester downstream polyester filament factories and traders, relying on PTA futures to avoid the risk of filament staple price fluctuations is really beyond reach.

According to insiders Qian Tao, on the one hand, the price spread time and space efficiency of PTA are limited, on the other hand, the price difference between the upstream and downstream of the PTA industry chain is very unstable.

In addition, the supply and demand of polyester factories and PTA factories are independent, and the correlation coefficient is low. Polyester enterprises can only operate through cross guarantee under hedging.

It is understood that at present polyester production enterprises in the use of PTA futures hedging process is also facing some problems.

For example, when polyester polyester production is intense and stock accumulation is more, there is a shortage of futures staple such as polyester staple fiber and filament stock to maintain inventory value. Although downstream polyester manufacturers can use PTA futures to sell hedging operations to hedge the risk of inventory depreciation, after all, physical deliveries can not be made, and before they enter PTA futures delivery month, whether profits or not have to be liquidated.

"Because all the links in the current industrial chain are only PTA, this futures market will ignore the specific contradiction between supply and demand in the market itself, which will lead to the lack of reference price benchmarks for downstream polyester polyester production enterprises."

Wang Guangqian believes that it is quite necessary for us to incorporate Dacron staple and polyester filament into the process of futures listing so as to make it easier for downstream polyester polyester production enterprises to conduct risk aversion and price discovery.

The listing of polyester fiber futures varieties will improve the sequence of industrial chain futures and benefit all links of PTA industry chain.

In addition, the listing of ethylene glycol has also won a higher voice in the market.

For polyester factories, the risk of raw materials ethylene glycol can not be circumvent, profits are difficult to lock, and yarn related enterprises are also difficult to use PTA for hedging.

"From the electronic disk of ethylene glycol, the daily turnover is 200 thousand to 300 thousand hands.

The import dependence of this species is as high as 70%, and trade financing is also more frequent, with a higher turnover rate.

In addition, from the perspective of warehousing, storage tanks can be supported by methanol storage tanks, which is more feasible. "

Fan Jinsong said.

In Fan Jinsong's view, the perfection of PTA industry chain futures can increase a lot of operation modes, especially increasing the chances of arbitrage and hedging.

"Investment institutions enter the futures market more for arbitrage, and only when the industrial chain is sound, these investment institutions will invest more capital, and the mode of operation will also be more abundant, so as to provide more liquidity for the whole market."

In this regard, Zhang Mingwei also admitted to reporters that an investment company that they know now on the PTA day trading volume accounted for 10% of the total turnover of the company 18%.

In his view, if we can further improve the variety of PTA industry chain, we can not only allow more industry chain customers to participate in futures, but also provide more reference for professional investors, and the market participation will be further enlarged.

It is foreseeable that in the future, with the advent of polyester staple and other futures varieties, the enthusiasm of PTA industry chain enterprises to participate in the futures market will be greatly stimulated, and the PTA industry chain will usher in a new era.