< p > > a href= "//m.pmae.cn/news/index_c.asp" > cotton yarn < /a > futures listing will speed up the work.

Last weekend, from the seminar on cotton situation held by Henan Cotton Association last year, we learned that on the basis of previous research, Zheng Shang will strive to complete the collection of cotton yarn futures market and the confirmation of the factory Library in 2 to 3 months, and if it goes smoothly, it is expected that the cotton yarn futures will be traded in the year of 2014.

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< p > China's existing spinning scale is about 120 million spindles, with an annual output of 13 million tons of cotton yarn and 29 million tons of yarn.

As a downstream product of cotton, the cotton futures futures will initially form a cotton futures variety system together with cotton futures to provide a more comprehensive risk management tool for cotton producers, especially cotton textile enterprises.

"At present, the domestic cotton market is in the pition stage from" policy city "to" market city ", and the time for listing cotton yarn futures is ripe.

Zhang Wenmin, general manager of Wanda futures cotton industry division, said that at this point, the listing of cotton yarn futures can complete the effective docking between the spot market and the futures market in a short time.

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< p > for a long time, the domestic a href= "//m.pmae.cn/news/index_s.asp" > cotton yarn Market < /a > lacks an authoritative price. The textile enterprises are relatively blind when arranging production and operation plans, for example, the current domestic and foreign market cotton price difference is as high as several thousand yuan per ton, but many textile enterprises do not understand the actual situation of the domestic cotton yarn market, and the production plan drawn up is divorced from the market reality, resulting in waste of resources.

Especially in recent years, cotton and cotton yarn prices fluctuate frequently. In the process of cotton purchasing, processing and cotton yarn sales, enterprises often encounter "two hit" situation.

In this regard, some large textile enterprises can barely afford it, and a large number of small and medium-sized enterprises simply can not afford it.

Textile enterprises urgently need to use futures market to manage the price fluctuation risk of raw materials and finished products.

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< p > at the same time, the impact of imported cotton yarn on domestic cotton yarn market is also increasing.

In 2012, China imported 1 million 530 thousand tons of cotton yarn, an increase of 69% over the same period last year.

From 1 to October 2013, China imported 1 million 750 thousand tons of cotton yarn, an increase of 44% over the same period. It is estimated that imports of cotton yarn will be 2 million 100 thousand to 2 million 200 thousand tons a year.

According to another forecast, cotton yarn imported from China is 3 million to 4 million tons this year.

Many textile companies that participated in the seminar said they would take an active part in the future of cotton yarn futures.

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< p > "when the cotton futures are listed, the quality of the futures delivery cotton mainly established by the instrument standard test is less than a href=" //m.pmae.cn/news/index_q.asp "> inspection rule < /a >, which has changed the domestic cotton market for more than 40 years, and has played a positive role in improving the quality of domestic cotton.

Zhang Wenmin told reporters that at present, the industry is looking forward to the listing of cotton yarn futures. After the listing of cotton yarn futures, the cotton textile industry and the whole cotton industry structure adjustment and pformation and upgrading will be promoted.

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< p > it is understood that in addition to speeding up the listing of cotton yarn futures, Zhengshang will also increase its R & D efforts for cottonseed, cottonseed meal, raw silk, cocoon and polyester staple fiber this year.

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