What is the impact of cotton yarn futures on the textile industry in Zhengshang?
News
On August 18th, cotton yarn futures were officially listed on the Zhengzhou Commodity Exchange. Fang Xinghai, vice chairman of the China Securities Regulatory Commission, and Vice Governor Dai Baihua attended the listing ceremony.
Cotton yarns are commonly used as raw materials for weaving woven fabrics, knitted fabrics, knitted fabrics, and partially nonwoven fabrics. From the perspective of industrial chain attributes, it is in the middle of the cotton textile industry chain, which affects the cost accounting and price evaluation of multiple processes before and after. At the same time, the quality of cotton yarn plays a decisive role in the cost control and cost quality of the weaving and dyeing process.
As the first commodity futures product listed on China's futures market since 2016, the listing of cotton yarn futures is of great significance. Fang Xinghai said that after the country implemented the cotton target price reform pilot, cotton yarn prices fluctuated and cotton textile enterprises demanded safe haven. In this context, the listing of cotton yarn futures is not only the need to serve the cotton textile industry, but also the inherent requirement of serving the national development strategy.
Dai Baihua said that Henan is a major province for cotton yarn production and consumption, and its output ranks second in the country, and its consumption ranks sixth in the country. The listing of cotton yarn futures will provide new tools for the management risks of cotton textile industry chain companies including Henan enterprises, provide new guidance for the restructuring of cotton textile industry, and provide new assistance for the target price reform of cotton.
Gao Yong, secretary of the Party Committee of the China National Textile and Apparel Council, believes that the listing of cotton yarn futures will help promote the healthy and stable development of the entire textile industry. On the one hand, hedging tools are provided to help cotton textile companies manage risks and achieve smooth operation of the entire industry. On the other hand, it provides an authoritative price benchmark, which can provide an effective reference for the cotton textile industry's production capacity and product structure adjustment, and help the implementation of the “three to one and one subsidy†policy.
“As a textile company, we expect cotton yarn futures to be on the market for a long time.†Sun Xiaoting, vice president of Zhejiang Huafu Color Spinning Co., Ltd., the world's largest supplier and manufacturer of color spinning yarn, spoke in his interview. He believes that the impact of imported cotton yarn on the domestic cotton yarn market still exists, the domestic and export growth recovery is slow, and the survival and operation pressure of textile enterprises is relatively high. Textile companies can use cotton and cotton yarn futures to lock in production profits and stabilize operating efficiency when risk is low.
“The listing of cotton yarn futures marks another important step for Zhengshang to build a global textile futures trading center and pricing center.†Chen Huaping, chairman of Zhengshang Institute, said that cotton yarn futures and cotton futures and PTA futures have been listed. A relatively complete textile material futures variety system. Zhengshang Institute will continuously optimize cotton, cotton yarn and PTA futures rules and regulations according to industry needs and market operation, actively guide textile enterprises to use the futures market, meet the needs of real economy pricing and risk management, and fully support and support cotton target price reform.
Silicone RFID Keychain is made of 100% silicone materials. Silicone RFID Keychain is non-toxic, harmless, tasteless, and eco-friendly, like normal silicone Keychain, Silicone RFID Keychain is colorful and easy to process surface logo. For example, screen printing silicone RFID Keychain, Embossed / Debossed Keychain, etc.
Silicone Wristband ,Silicone Bracelet,Silicone Printed Bracelet,Custom Silicone Bracelet
Xiamen The Answers Trade Co.,Ltd. , https://www.xmanswerssilicone.com