The listing of cotton yarn futures is a boon for textile companies

On August 18, Zhengzhou Commodity Exchange held a press conference on the listing of cotton yarn futures. Sun Xiaoting, director and vice president of Zhejiang Huafu Mélange Co., Ltd., delivered a speech at the press conference.　　 Sun Xiaoting, director and vice president of Zhejiang Huafu Mélange Co., Ltd., said that at present, the impact of imported cotton yarn on the domestic cotton yarn market still exists, the recovery of domestic sales and export growth is slow, and the survival and operating pressure of textile enterprises is greater. The listing of cotton yarn futures at this time is a boon for textile companies. In addition, he also pointed out that Huafu Mélange is the first batch of delivery factories for cotton yarn futures. As a representative of the factory warehouse enterprises, he said that he will make preparations for the delivery of cotton yarn futures and will carry out cotton yarn futures in strict accordance with the rules and regulations of the exchange. Delivery service.　　The following is the full text of the speech: 　　Hello everyone! It is an honor to participate in this press conference and speak as a representative!　　 First of all, please allow me to introduce Huafu Mélange. Huafu Mélange is a leading brand in the global melange industry and the world's largest supplier and manufacturer of melange yarns. It has a total production capacity of 2 million spindles and is distributed in five regions: Zhejiang, the Yangtze River, Huanghuai, Xinjiang and Vietnam. At the same time, Huafu Mélange is also the delivery warehouse for the first batch of cotton yarn futures. Therefore, today I will speak on behalf of textile companies as well as on behalf of cotton yarn futures delivery factories.　　As a textile enterprise, we warmly welcome the listing of cotton yarn futures. At present, the impact of imported cotton yarn on the domestic cotton yarn market still exists, the growth of domestic sales and exports has been slow to recover, and the survival and operating pressure of textile enterprises is relatively high. The listing of cotton yarn futures at this time is a boon for textile companies: on the one hand, it provides tools to lock in production profits to help textile companies stabilize their operating benefits. Textile companies can use cotton and cotton yarn futures to lock in production profits under less risky conditions and stabilize corporate operating benefits; on the other hand, they can enrich trade models and increase sales channels. Textile companies can use cotton yarn futures to conduct 'basis tradingAs a representative of the factory and warehouse enterprise, I would like to say three points: First, we will do all the preparations for the delivery of cotton yarn futures to ensure smooth delivery of cotton yarn futures; second, we will strictly control the quality and safety of the goods delivered by cotton yarn futures and earnestly perform the factory. The responsibility of the library is to enhance the brand effect of cotton yarn futures; third, we will cooperate with the exchange to do a good job in the market service of cotton yarn futures. In general, we have made preparations for the delivery of cotton yarn futures and will carry out cotton yarn futures delivery services in strict accordance with the rules and regulations of the exchange.　　 In addition, one thing I want to say in particular is that in order to meet the buyer's personalized delivery needs and facilitate the realization of the spot market docking, ZCE also innovated the cotton yarn futures delivery system. The benchmark delivery of cotton yarn futures is 32 carded cotton yarn, but when the buyer needs cotton yarn of other specifications, the factory warehouse can also meet the buyer's diversified needs. There are two channels to meet the buyer's demand for delivery: one is to deliver the non-standard warehouse receipt cotton yarn from the factory warehouse. From the 1st to 9th trading days of the delivery month, the seller can choose to use cotton yarns other than 32 carded yarns in the member service system for delivery. The seller proposes a reasonable premium and discount, and the buyer responds to the matching method for delivery. The second is that the factory warehouse provides diversified delivery goods. When the consignee comes to the factory to pick up the goods, we will announce the other specifications and quality of the cotton yarn produced by the factory. The buyer can pick up the goods according to the demand, and the premium and discount are negotiated by the picking party and the factory.　　 Finally, congratulations once again on the listing of cotton yarn futures, and also thank ZCE for providing cotton yarn futures platform for the cotton textile industry. Thank you everyone! Article Keywords: 　Cotton Yarn Futures Listed Sun Xiaoting