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Deliveries CY2001 132 660 tons, complete delivery for the first time under the new rules - cotton futures Textile information - Textile net -
Recently, zhengzhou cotton futures successfully completed the revised rules for the first time delivery. The CY2001 contracts totaling 132 hand delivery, or 660 tons of cotton yarn. According to the relevant person in charge of nan Yang, 33 pieces of the standard of the warehouse receipt of the delivery, there are two warehouse to warehouse, it marks the cotton futures to complete the first single warehouse delivery, as is an implementation of warehouse for delivery after cotton futures varieties of cotton spinning industry chain. Involved in the warehouse for delivery of one side, is the world's top 500 enterprises property cuhk group, a wholly owned subsidiary & ndash; — Product large cloud business co. , LTD. Cuhk cloud trader with textile materials for the main business products, to do deep and fine textile sector business as the goal, using its period now business advantages, and textile depth cooperation, sold at the price of 20650 yuan/ton hedge 180 tons of cotton yarn, liquidated in 19400 yuan/tons 140 tons, the remaining 40 tons of the delivery. The company respectively in hubei filial cotton industrial group co. , ltd. and xinjiang ruyi textile clothing limited company to make a single standard cotton futures warehouse receipt, smoothly from warehousing, registration of the warehouse receipt, delivery, delivery processes on various business links such as combing. WeiShi textile co. , LTD. Is located in henan province optimization methodology for, the main production of various types, such as cotton and blended yarn, thread, has 200000 spindles, 3000 head of air spinning, cotton yarn production capacity, 2. 50000 tons, the product covers the high-grade cotton combed, compact spinning, with 20 ~ 40 cotton yarn, high air spinning 10 ~ 16 cotton yarn, etc. The company has also established a stable raw material supply bases in xinjiang, has two cotton mills, formed the cotton cultivation, acquisition, processing, complete industrial chain of spinning, foreign trade export enterprises. As one of cotton futures delivery factory library, WeiShi textile is also involved in the delivery of CY2001 contracts, and use the futures market risk management during the outbreak. Earlier this year, China's sudden new crown pneumonia outbreak, in the face of cotton market situation is not optimistic, WeiShi 100 hand cotton textile decided to open all the delivery. According to the experience of previous delivery, WeiShi textile efficient registration into the warehouse receipt, the final delivery settlement price is 19730 yuan/ton, hedge profit of about 1 million yuan. Reporter also learned that during the period of May 2019 sino-us trade negotiations, WeiShi downstream textile based on orders, mills the analysis of the factors such as inventory, forecasting the price of cotton textiles will be volatile. In response to the market price fluctuation in the various uncertain factors bring risks, WeiShi textile decided to use to sell cotton futures hedging. In May 2019 to December, WeiShi textile in CY2001 have sold 1055 cotton futures contract, sell for an average of 20835 yuan/ton. Later, cotton, cotton prices fell sharply, due to the advance in disk lock in a profit, in the process of spot prices fell sharply, in the futures market profit effectively made up for the loss of textile WeiShi spot sales, total loss more than 60, ten thousand yuan. Among them, buy sell cotton, cotton yarn across a variety of arbitrage model, WeiShi textile profit 7. 560000 yuan. Chairman Li Youyin WeiShi textile is introduced: & other; Since the cotton futures since listing, WeiShi textile participated in the three delivery, from the initial dozens of tons, more than 100 tons, up to 500 tons of CY2001 contracts, companies to participate in profits, also from the initial tens of thousands of yuan, hundreds of thousands of yuan, added to the more than 100 ten thousand yuan. , in futures trading volume and returns to the delivery is a breakthrough, WeiShi textile for enterprises in production and business operation and risk management to make better use of the cotton futures this tool to accumulate experience. ” Li Youyin also said that the varieties of cotton futures as the most direct hedge, in cotton production and operation enterprises dealing with the volatile market, the role of is can't instead of the other variety, and the correlation of cotton, cotton yarn prices is high, both upstream and downstream double variety, good customer service industry, with the maturing of the market, also will be priced in the market direction, industry and so on have & other Vane & throughout; The role of. Have learned, in order to promote their best cotton futures market function, on March 4, 2019, nan Yang officially released the amendment of the cotton futures related business rules, optimizing benchmark cotton futures delivery goods and substitute quality index system, to enable the warehouse delivery mode, the institutional basis was provided for realizing the active cotton futures. Since May 15, 2019, cotton futures began to carry out the market-making firm competition, provide initial liquidity for cotton futures. Data show that with the new contract rules and market maker system formally implemented, cotton futures trading volume, open interest rise gradually, preliminary active implementation. So far this year in early April, cotton futures daily average volume, open interest, respectively 8816, 7874, hand ( Unilateral, hereinafter the same) , compared with the revised rules before growth of 97%, 607% respectively, and the overall turnover rate of 1. 1. From delivery, cotton futures produced four times for delivery, since listing CY1801, CY1810 respectively, CY1901, CY2001, cumulative delivery rate of 216, or 1080 tons.