Yarn Futures Development Is Officially Launched After Submission Of Yarn Futures.

Less than p ago, the "yarn futures forum" sponsored by China's "a target=" _blank "href=" //www.sjfzxm.com/ "textile" /a "Industrial Federation Circulation Association and the China Cotton Textile Industry Association held in Beijing. Representatives of relevant industry organizations and textile downstream enterprises representatives discussed the cotton yarn futures development and the futures contract rules of the DCE.

Li Zhengqiang, general manager of Dalian commodity exchange, said that under the new situation of strengthening the regulation of cotton market and the impact of imported yarn on the domestic market, the introduction of yarn futures, the formation of a fair market price and the provision of hedging tools for enterprises have become a pressing matter of the moment.

< /p >

< p > the yarn futures development was officially launched after submitting the application for yarn futures at the beginning of this year.

Li Qiang, deputy director of the agricultural commodities division of the Dalian commodity exchange, said that according to the existing plan, the yarn futures contract of the big business office was initially set as the trade mark of 32 carpets and 40 cotton yarns. The scope of delivery was enlarged by raising the premium. According to the actual market situation and development trend of the spot market, the quality standard of futures delivery was established based on the national standard. According to the characteristics of the production of the spot enterprises, the contract month was set to 12 consecutive months, which facilitates the spot business to guarantee the operation.

< /p >

< p > "at present, yarn futures already have the basic conditions for listing. First, yarn marketing is relatively high, prices are fully competitive, no market monopoly exists; two, yarns are relatively sound and easy to test; three, yarn futures trading is smooth at present, and there is no policy restriction."

Zhu Beina, President of China Cotton Textile Industry Association, said.

< /p >

< p > "listing cotton yarn futures can improve the marketization level of the textile industry, which is an inevitable trend."

Gao Yong, vice president of China Textile Industry Federation, said that in subsequent studies, it is recommended to further calculate the relevant basic data.

< /p >