"Cloud" Interactive Training Carried Out By The Zhengzhou Institute Of Commerce

(reporter with Li Na) on July 8, the sixth online Round Table Forum on "bulk commodity risk management" organized by Zhengzhou Commodity Exchange (hereinafter referred to as "Zhengshang exchange") was held. In this forum, relevant industry experts, cotton textile enterprises and futures industry representatives had a full exchange in the "cloud" around the arbitrage strategy of cotton futures and other varieties.

According to the relevant person in charge of Zhengshang Institute, this special activity innovates the live broadcast form and adopts split screen technology to let the guests have "face-to-face" communication in the "cloud". On the one hand, they share their understanding and cognition of the market. On the other hand, the audience can ask questions to the guests through the interactive interface, which enhances the interactivity of the lecture.

Affected by the epidemic situation, the severe situation of the textile market has not improved significantly since the beginning of this year. At present, cotton textile enterprises are still generally faced with the problems of product price decline, inventory accumulation and poor demand. In the face of such a situation, how to take multiple measures to minimize the adverse impact of the epidemic situation has become a topic that many cotton textile enterprises must face at present. It is worth pointing out that some cotton textile enterprises reasonably use futures tools to effectively deal with the impact of the epidemic.

Henan TongZhou Cotton Industry Co., Ltd. is a large-scale enterprise integrating cotton acquisition and processing, cotton textile and garment production, import and export trade, etc., with an annual cotton and cotton yarn quantity of more than 300000 tons. The company has high-quality cotton production bases in Xinjiang Korla, Aksu, Kashi, Kuitun, bole and other major cotton production areas in China. Wei gangmin, chairman of the company, said: "the epidemic has a great impact on the textile industry, including cotton spinning, and enterprises urgently need derivatives to hedge against the risk of market price fluctuations. We adhere to the principle of basis trading, and effectively avoid the risk of substantial fluctuations in spot prices through hedging operations in the futures market. "

Wei gangmin introduced that when the price of cotton futures in Tongzhou fell, Tongzhou cotton industry adopted the strategy of buying even futures and selling spot goods through basis sales, so as to benefit downstream customers and achieve win-win results with partners by using futures tools.

Cotton is one of the important business of Shanghai rammer Trading Co., Ltd. Since the two cotton processing enterprises in East China, the cotton processing plant will resume production. However, due to the large fluctuations in cotton prices after the Spring Festival, it is more difficult for cotton processing enterprises to conduct real-time price point. In this context, ramming stone trade and cotton processing enterprises agree on a basis. After the processing plant transfers cotton goods to ramming stone trade, ramming stone trade first pays part of the payment for goods and gives the other party a longer price cycle. Then, the cotton processing enterprise can more easily choose a favorable futures price position and count the price. After the price is counted, ramming stone trade will pay the remaining goods Section.

"In this way, the difficulties of short-term capital turnover of cotton processing enterprises have been well solved. At the same time, with the gradual improvement of the domestic epidemic situation, the processing plants have also obtained better sales prices." Wang Xu said.

The "round table" is very necessary for the prevention and control of the epidemic in time.

"In the face of market risks and pressures, enterprise risk control plans are very important. As the gateway moves forward, enterprises should have a forward-looking outlook on market risks, grasp the strategic direction and lay out ahead of time. " Feng mengxiao, chief economist of China storage Cotton Information Center, said that the "bulk commodity risk management" online round table forum held by Zheng Shang played an important role in helping enterprises related to cotton textile and industrial chain to carry out risk prediction.

Wang Xu said: "this round table is very timely. Zheng Shang invited well-known experts and enterprise representatives to answer some of the puzzles currently encountered by enterprises, which provided a useful reference for risk management of industrial enterprises

"This online round table forum has fully discussed the current market concerns and problems that need to be solved urgently. At the same time, it has answered the questions of offline enterprises, and has given relatively perfect operation suggestions, which is more practical." "In the future, it may also be possible to explore turning offline research into online research," Wei said

The reporter also learned that from June 5 to now, the Zhengshang Institute has held six online round table forums with the theme of "commodity risk management", respectively discussing the market situation and investment opportunities of cotton, PTA and other futures varieties. Each forum was broadcast synchronously in 11 media such as Sina Finance and Hexun finance. The total number of online viewing IP was about 55000, with an average of more than 9100 people per forum.

"In the context of" normalization "of epidemic prevention and control, next, the SSE will continue to run online round table forums to better serve industrial enterprises and market participants, and promote the futures market to better serve the real economy." According to Zheng Shang.