On August 18, nan Yang: ensure the cotton futures traded - Textile information - Textile net - Textile integrated service provider

The reporter learns from zhengzhou Commodity Exchange, securities regulatory commission has approved the zhengzhou Commodity Exchange to carry out the cotton futures trading, the cotton futures listed on the preparatory work before the ready, cotton futures contracts will be listed on zhengzhou on August 18, 2017. It is understood that the commodity market and cotton textile market overall smooth operation, but is impacted by the import of cotton yarn, consumption and export growth factors, such as cotton textile enterprises pressure, looking forward to cotton futures market as soon as possible. Zhengzhou relevant controller introduces, nan Yang according to cotton yarn trade flows and used to determine the delivery factory layout, spot trade in major cotton producing XiaoDe shandong, henan, jiangsu and zhejiang factory set up delivery. Through in-depth investigation, the preferred selection of nan Yang 35 large textile enterprises more than 100000 pounds as delivery factory library. In addition, zhengzhou in henan province by textile products in zhejiang province of quality supervision, inspection and testing institute two national garment quality inspection center for cotton futures delivery quality inspection institutions. According to introducing, cotton futures listed in August, on the one hand, cotton supply stability, market risk is smaller. Relevant data shows, 2017, 2018, the annual output of cotton is expected to reach 5. 37 million tons, the state reserve cotton flower cumulative outbound, 2. 14 million tons of cotton supply is adequate, the uncertain factors affecting cotton price volatility. Cotton, on the other hand, the booming of the market marketing gradually, the market cultivation. In cotton yarn in the spot market, there are usually two season, in May and June are the summer clothing production stock up period and 9, the winter clothing production ready for the period of October. Cotton futures listed in August, to take advantage of the booming of cotton yarn market by weak time window, improve the effect of cultivating cotton futures market. The relevant person in charge of nan Yang said that nan Yang will work in strict accordance with the securities regulatory commission requirements, make preparations for the listing carefully, strengthen the education and propaganda, to ensure the smooth launch cotton futures.