Cotton yarn futures will be listed within the year, and the cotton industry is cheering

In recent years, research in Hubei, Hebei, Shandong, Zhejiang, Jiangsu, Xinjiang, some ginning factories, cotton textile factories, garment factories, etc. found that due to the violent fluctuations in the prices of cotton and cotton yarn over the years, coupled with the intensified competition in the cotton textile and garment industry, the industry’s profits Many cotton-related companies have encountered more difficulties in their operations. Coupled with the impact of imported cotton and imported cotton yarn, as well as the transfer of China’s cotton textile industry, cotton-related companies are not susceptible to using futures market platforms and futures tools to avoid market risks. Strong demand. Under such circumstances, it is particularly important to strengthen the construction of the cotton-related futures market, improve the variety system, and cultivate cotton-related professionals. 'After the cotton yarn futures are listed in the future, we will formulate new development ideas based on our own current situation, strive to improve our competitiveness, and let the textile and apparel industry burst out new and greater vitality.' Some cotton textile enterprise leaders told reporters, At present, there are new development trends in the domestic cotton textile industry. The new characteristics are mainly concentrated in the following aspects: First, the enterprise's awareness of product innovation has increased, and the added value of products has been improved. It is understood that many companies are currently investing more energy in product innovation and other aspects, and the improvement of corporate efficiency mainly benefits these aspects. Second, the amount of cotton used in the cotton textile industry has steadily increased. Third, the pace of enterprise transformation and upgrading has been accelerating, and the level of enterprise automation has improved significantly. Fourth, the decline in exports is more obvious, which means that the situation in the international market is still not optimistic, and the pressure on downstream cotton products is still relatively large. Fifth, the growth rate of imported cotton yarn has slowed down, which indicates that the market competitiveness of domestic cotton yarn has improved to a certain extent, and the operation of the entire industry is steadily improving. Article Keywords: 　Futures Cotton Yarn