Still need to constantly improve - nan Yang: cotton futures Textile information - Textile net - Textile integrated service provider

On March 4, nan Yang announcement for revising perfect cotton futures related business rules. It is understood that the cotton futures business rule revision will effectively improve the cotton futures liquidity, enhance their ability to service the real economy, rich textile factories, trading companies and speculators to strengthen risk management, enhance the risk resistance ability of the textile industry. Think the following revision to the domestic cotton, cotton yarn, weaving enterprise crucial: the influence of the adding cotton professional delivery warehouses, can expand the scope of coverage and cotton futures, such as in zhejiang, guangdong, jiangsu, shandong, hebei, is the size of the textile market, cluster regional construction specialty yarn delivery base flow is more conducive to cotton warehouse receipt ( Can consider a few ports set late delivery even library) ; 2 it is to adjust the cotton yarn quality index, applies a system of strict liter discount make cotton yarn of the warehouse receipt more ground. Cotton compared with cotton, PTA, corn, wheat, sugar varieties test indexes such as multifarious and difference is bigger, corresponding to the downstream products of different quality, purpose is different, so the index more refined, more close to the actual market demand more attractive for cotton textile factory, speculators. But think cotton futures as new things, new products in the global range is still in development, groping stage, also need the mill based on the actual product, cost and demand continue to improve, as the repair. First of all, 32 s combed yarn benchmark for the delivery of the subject matter is not appropriate, 40 s, combed yarn or more accord with the actual. From the survey, in 2018 and 2019, many large mills C32S and below count cotton yarn ratio is very low in 40 ss even products, the only part of the main products of the small and medium-sized mills C32S, C21S, C16S, rotor spinning, and lower level of cotton assorting C32S representative is not strong. Also consider the industrial upgrading, low yarn market gradually occupied by foreign yarn, 40 s, ring spun yarn is more suitable for delivery of the subject matter; Second, imported cotton yarn to occupy the domestic market share is more and more big, Mainly is the OE yarn, C10 - 32S) , importers, traders hedge, safety requirement also urgently, to consider how to set up a liter discount and nearby storage warehouse receipt delivery. Again, shorten the validity of the warehouse receipt is the purpose of the library to speed up the flow of the warehouse receipt, reduce delivery tie up funds, but from the long run is not good for yarn knitting factory, traders in the market. Compared with cotton, eggs, corn and other products, cotton yarn as long as the appropriate delivery repository storage conditions, safekeeping measures in place, 4 - Six months the yarn quality of mutation probability is not large, the shortened or not do more harm than good for cotton futures.