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Cotton Variety Bo Shang Shang Ming Gong Trading &Nbsp; Won The Domestic Cotton Price Right To Speak.

2011/10/21 10:57:00 18

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Cotton Trade Wins Domestic Cotton Prices

On the morning of October 21st, two new varieties of cotton Xinjiang and cotton East China were officially listed on the Bohai commodity exchange of Tianjin.

The spot trading system of the Bohai Mercantile Exchange has changed cotton.

tradition

The pricing mode of spot trade, cotton enterprises and textile enterprises can directly trade in the exchange system, complete sales and procurement, thereby reducing the circulation of intermediate trade, reducing production and operating costs, and cotton enterprises will become direct beneficiaries.

According to experts, China is the largest cotton producing and consuming country in the world, and also an influential importer of cotton in the world.

Cotton is a strategic material related to the national economy and the people's livelihood. It is the second largest crop after grain.

Cotton is a commodity that involves the two major industries of agriculture and textile industry. It is the main source of income for the more than 100 million cotton farmers in China. It is the main raw material of the textile industry and the necessities of the people. Cotton yarn, cotton cloth and clothing are also important commodities for foreign exchange earning. The production, circulation, processing and consumption of cotton are closely related to the lives of the masses and the interests of the broad masses of cotton farmers, and also have an important impact on the development of the national economy.

Because

tradition

The cotton spot market is short of the price formation mechanism agreed by all parties. The contradiction between the seasonal production characteristics of cotton and the continuous production characteristics of textile industry is particularly prominent. "Selling cotton is difficult" and "buying cotton is difficult" alternatively, and the price of cotton often rises and plummeted under the influence of speculative factors in the capital market. Cotton enterprises and textile enterprises are faced with huge price risks.

The Bohai Mercantile Exchange has launched a continuous spot trading of cotton spot, which will create an open, pparent, efficient and low-cost spot trading platform for cotton companies across the country.

Xinjiang is the largest hand picked cotton and the only long staple cotton producing area in China.

In recent years, the state has listed Xinjiang as an important strategic development area of the cotton industry in China. With the strong support of the state, Xinjiang is firmly

around

With the development strategy of the western development, the cotton industry has been developing healthily and continuously. The planting area, unit area, total output and output have ranked first in the country for 17 consecutive years.

The listing of Xinjiang cotton varieties on the Bohai Mercantile Exchange provides a brand new trade channel and a channel to avoid market risks for Xinjiang's cotton production and circulation enterprises. The three functions of commodity exchange, commodity investment and price discovery of Bohai commodity exchange can play a role in the allocation of resources. It will play a positive role in improving market structure, improving market functions, promoting the development of China's cotton industry and financial reform and innovation.