Cotton Yarn Futures Industry Base Activity-Henan Cotton Textile Entrepreneur Risk Management Seminar was successfully held in Zhengzhou

On July 3, 2020, sponsored by Weishi Textile Co., Ltd., co-organized by Henan Textile Industry Association, Henan Tongzhou Cotton Industry Co., Ltd., Haitong Futures Co., Ltd., and specially supported by Zhengzhou Commodity Exchange, a cotton yarn futures industry base activity --- The Henan Cotton Textile Entrepreneur Risk Management Seminar was successfully held in Zhengzhou, Henan. Li Youyin, Chairman of Weishi Textile, Wei Gangmin, Chairman of Tongzhou Cotton, Zheng Shengwei, Director of Huarui Information Industry, Hong Yang, Director of Zhejiang Shuangda Textile Futures, and spinning companies, cotton yarn futures delivery warehouses, traders, and private equity from all over the country A total of more than 80 industry elites from institutions and others attended this conference. Li Tao, vice president of Tongzhou Cotton, presided over the meeting.　　 First of all, Zheng Shengwei, Director of Huarui Information Industry, gave a special report on 'Analysis of Textile Production and Sales Trends Affected by the Epidemic'. Zheng Shengwei used a large amount of detailed data to explain the significant changes in the terminal consumer market such as clothing since the outbreak of the new crown epidemic, objectively analyzed the current supply and demand status of each link in the textile industry chain, and logically reasoned about the opportunities and node grasps of the cotton yarn market in the middle and late stages of the epidemic.　　Secondly, Huang Hongyu, President of Tongzhou Cotton Industry, delivered a keynote speech on 'Discussion on the Operational Risk Management Strategy of Cotton Spinning Enterprises'. Huang Hongyu combined the accumulated practical experience in operation and management over the years, comprehensively explained the risks and causes of the enterprise's operation, systematically analyzed the practical necessity for cotton textile enterprises to use cotton cotton yarn futures for hedging, and explained in detail the purchase and sale of cotton yarn During the process, the risk control strategies under different 'worry' backgrounds, combined with actual cases, put forward a series of feasible operational suggestions on how companies can avoid hedging risks. Subsequently, Li Youyin, chairman of Weishi Textile, and Hong Yang, director of Zhejiang Shuangda Textile Futures, respectively, combined a large number of cases to share experience in cotton yarn futures hedging and cotton yarn futures arbitrage, and pointed out their own harvest and actual operation of participating in cotton yarn futures. It also clarifies the capital, team, risk control, market awareness and other preparations that textile companies must do to participate in cotton yarn futures. Then, An Gengxin, the delivery department of Zhengzhou Commodity Exchange, explained in detail the cotton yarn futures delivery system and precautions from the dimensions of cotton yarn benchmark delivery products, benchmark prices, delivery methods, delivery costs, and delivery warehouse layout. Finally, the roundtable forum was hosted by Li Youyin, Chairman of Weishi Textile, Wei Gangmin, Chairman of Tongzhou Cotton, He Zengjie, Chairman of Wugang Yutai, Quan Zhengtao, Vice President of Aon Supply Chain, Zheng Shengwei, Director of Huarui Information Industry, Xiamen International Trade Jinan The head of the office, Wang Zhigang, and other five guests discussed the development of the global epidemic, the macro trend, the policy of cotton collection and storage, the situation of the cotton spinning industry, and the innovation of futures models. This seminar is the first offline large-scale cotton yarn futures industrial base activity since the outbreak of the new crown epidemic. Through the appearance of cotton yarn futures participants, it promotes textile companies to have a deep understanding of the service functions of the cotton yarn futures market, and in-depth discussion of the innovative model of combining cotton yarn futures and cash. , Deepen the understanding of the steady development of the cotton textile industry chain, and help more cotton textile entities to continuously improve their risk management capabilities and market resilience. Article keywords: 　Zhengzhou Commodity Exchange Cotton Yarn Futures Henan Province Cotton Textile Entrepreneurs Risk Management Seminar