Zheng Shang Makes Every Effort To Promote Cotton Yarn Futures Research And Development

Here world Clothing and shoes The Xiaobian of the network introduces Zheng merchants to promote cotton yarn futures research and development.

In order to better coordinate with the cotton target price reform pilot, Zhengzhou will improve the cotton industry chain system as soon as possible, meet the needs of cotton enterprises, and push forward the research and development of cotton yarn futures and strive for listing transactions within the year.

The introduction of cotton yarn futures will help domestic textile enterprises to hedge the risk of yarn price fluctuations and help stabilize the market. For textile enterprises, there is a dual task of purchasing cotton and producing yarn. The risk of purchasing cotton can be maintained through cotton futures. The fluctuation risk of yarn prices can be maintained through cotton futures. Similarly, many domestic traders can also operate on cotton yarn futures.

At present, there is no relevant information about the cotton futures contract of Zheng Shang. But at the beginning of this year, there were some parts about the contract of yarn futures in Da Shang, for reference. The futures contract of DCE mainly set 32 and 40 cotton yarns as the trading target, and expanded the delivery scope by upgrading the premium. According to the actual market situation and development trend, the futures delivery quality standard was established on the basis of the national standard. According to the characteristics of the production of the spot enterprises, the contract month was set to 12 consecutive months, so as to facilitate the spot business's hedging operation.

For example, when cotton yarn futures have not yet been launched in China, cotton yarn industry enterprises use cotton futures to hedge hedging of raw materials or hedge their inventory risk. However, there is an objective risk from cotton purchase to cotton yarn production and sales, and there is an objective risk in the inventory and sales plan of cotton yarn finished products, which can not effectively take risk avoidance measures. Once cotton yarn futures are launched, enterprises can directly carry out certain risk hedging activities through the forward contracts of cotton yarn futures. Of course, this is just a point for enterprises to make use of futures.

Because cotton yarn is in the middle link of the cotton industry chain, upstream has cotton and other raw materials, and downstream garments, textiles and other finished products. The introduction of cotton yarn futures is good for spinning production and consumption enterprises, and is conducive to risk management by means of futures tools. Cotton and cotton yarns are the upper and lower reaches of the industrial chain respectively, and the price trend is correlated.

For example, a family Spin Production enterprises can lock the raw material risk through cotton futures, but the cotton yarn market is entirely market competition, and price changes are large. Under the condition of a sharp decline in cotton yarn prices, customers may default on the goods and may not be able to take delivery of goods. In this case, if there is cotton futures, enterprises can well hedge the risk of falling cotton prices caused by falling cotton prices.

For spot enterprises, because of the cultivation of cotton futures in the past 10 years, enterprise The recognition is relatively high, and will be actively involved in cotton yarn futures in the future.