Hubei Cotton Association Business Forum Held In Wuhan

The Hubei provincial Cotton Association Business Forum was held in Wuhan. Participants exchanged views on the current market and are now in the recovery stage. With the support of the state in Xinjiang cotton and textile industry, the cotton and textile enterprises in the mainland should actively transform to adapt to the new normal development.

On the morning of April 14th, the national cotton trading market, Hubei Cotton Association The Hubei area business forum was held in Wuhan, Hubei. Ding Haowu, general manager of the trading market, Yang Baofu, deputy general manager and relevant business leaders, have discussed face-to-face talks with more than ten local cotton circulation and textile enterprises such as Hubei Yinfeng group, Hubei Jinan Textile Group, Hubei Xiao Mao industrial group and Hubei Fuhua. Participants exchanged views on the current market, put forward pertinent suggestions on strengthening and improving services in the trading market, and put forward corresponding suggestions for the current national cotton policy.

At the meeting, Yang Baofu, deputy general manager of the national cotton trading market, introduced the new business that the trading market is exploring and developing. He said: "at present, the market is trying to create an Internet trading and data platform combining traditional business, improve the data application technology, dig the commercial potential behind the data, create a traditional data channel, close to the needs of enterprises, facilitate the operation of enterprises, so as to minimize the cost of trade and improve the efficiency of circulation."

Ding Haowu, general manager of the national cotton exchange market, pointed out that in the new year, the national economic growth has entered a new normal from the macro economy. The national cotton policy has changed greatly, and the cotton market has changed from storage and storage to market operation. The whole cotton and textile market operation environment, including production areas, has changed. The business of the trading market has also been optimized and developed in many ways. In order to grasp the situation and better serve the enterprises in the industry, we hope to discuss with the enterprises on the survival status, the opinions on the subsidy policy of the state, the implementation of Xinjiang's target price subsidy professional warehousing system, and other businesses in the trading market.

Participating enterprises actively communicate. A company has been working closely with the trading market for many years, making full use of the data and information platform provided by the trading market to acquire satisfactory cotton, and is very aware of the platform and services provided by the trading market. Another trader suggested that we hope that the trading market can make some expansion in the future.

Speaking of the cotton situation, the enterprises jointly indicated that the current cotton industry situation in Hubei province is rather serious. Because the state has mainly supported the Xinjiang cotton industry, the support for the mainland has been relatively small. The planting structure of cotton industry is transferred to Xinjiang. Last year cotton growers in Hubei province were losing money or not making money, so planting enthusiasm declined sharply. Cotton planting area will shrink further in 2015, and cotton processing enterprises may face a situation of cotton free.

The cotton enterprises participating in the talks said that the market is in a situation of supply exceeding demand. A series of problems, such as shrinkage of cotton, shrinkage of textile raw materials, increase of textile raw materials, shortage of enterprises, and so on. Cotton sales difficulties 。 The overall sales progress is slower than the same period in previous years. The inventory of enterprises is high, and the situation is not optimistic.

and Textile enterprises It is said that the most difficult period in the cotton textile industry has passed and is now in the recovery stage. With the support of the state in Xinjiang cotton and textile industry, the cotton and textile enterprises in the mainland should actively transform to adapt to the new normal development. Because of the loss of competitiveness of the low count yarn, enterprises are actively transforming to enhance their competitiveness in producing high count yarn products. Enterprises feel that at present, enterprises must stand in the environment of the international textile industry to consider the development of China's textile industry. We must have a broad vision, and the textile industry still has potential to tap.