Another Innovation Of Cotton Futures Service In The Real Economy Has Been Achieved.

Xinjiang Yuli County Zhongliang cotton company has successfully declared the appointment of cotton futures warehouse receipt through Meyer futures, which has passed the public inspection, and yesterday produced the first cotton futures interim delivery warehouse receipt. This is the first transfer warehouse warehouse delivery business since Zheng's establishment of the cotton transfer bank in Xinjiang. It also indicates that the innovative mechanism of the cotton futures delivery intermediate repository has successfully completed the whole process and achieved another innovation in the real economy of cotton futures service.

Zhao Guoquan, general manager of Meyer futures cotton spinning department, said that the company has set up a transfer service point in Xinjiang, and has arranged a special service company. "Past Xinjiang cotton Only when transported to the inland delivery warehouse can the public inspection be carried out. After the inspection reaches the standard, it can be registered as a futures warehouse receipt. Because Xinjiang cotton transported to the mainland delivery warehouse has many uncertain factors such as transportation time, quality compliance, and whether the price is calculated or not after calculation, the ratio of warehouse receipts to warehouse receipts in Xinjiang has been low. After setting up a transfer repository in Xinjiang, the uncertainty of the registered warehouse receipts of cotton farmers and circulation enterprises in Xinjiang can be eliminated, which will greatly facilitate the formation of warehouse receipts.

Set up in Xinjiang cotton The transfer bank is a business organization designated by Zheng Shang to provide warehousing services for physical delivery of cotton futures contracts in Xinjiang. The transfer warehouse receipt is registered in the delivery transfer bank. Futures warehouse receipt 。 The characteristics of the transfer warehouse receipt are Xinjiang production, Xinjiang inspection and Xinjiang registration.

It is understood that the Silver Star Logistics Co., Ltd., which is responsible for this delivery business, is located in Korla, Xinjiang. It is a Integrated Company integrating warehousing, logistics, transshipment, seed cotton purchase, and lint buying and selling. The Zhonglian cotton industry in the Yuli County, a registered party of the transfer warehouse receipt, is a cotton industry involved in cotton breeding, processing, scientific research and related machinery manufacturing.

According to the insiders, setting up a cotton futures delivery intermediate warehouse in Xinjiang can facilitate the participation of Xinjiang cotton producers in cotton futures, help to implement the target price policy of cotton, dispel the worries of cotton farmers selling cotton and reduce the risk of cotton circulation.