Zhengzhou Commodity Exchange: Ensure that cotton yarn futures will be listed for trading on August 18

The reporter learned from the Zhengzhou Commodity Exchange that the Securities Regulatory Commission has approved the Zhengzhou Commodity Exchange to start cotton yarn futures trading. At present, all preparations before the listing of cotton yarn futures are in place. The cotton yarn futures contract will be listed on the Zhengzhou Commodity Exchange on August 18, 2017. .　　 It is understood that the bulk commodity market and the cotton textile market are operating smoothly as a whole. However, affected by the impact of imported cotton yarn, the lack of consumption and export growth and other factors, cotton textile enterprises are under greater operating pressure and expect cotton yarn futures to be listed soon.　　 According to the relevant person in charge of the ZCE, the ZCE has determined the delivery plant warehouse layout based on the cotton yarn trade flow and spot trade habits, that is, the delivery plant warehouses are set up in Shandong, Henan, Jiangsu and Zhejiang where cotton yarn is mainly produced and sold. After in-depth inspection, ZCE selected 35 large-scale textile enterprises with more than 100,000 spindles as delivery factories. In addition, ZCE has selected two national clothing quality inspection centers, Henan Textile Product Quality Supervision and Inspection Institute and Zhejiang Textile Inspection and Research Institute, as the delivery quality inspection agencies for cotton yarn futures.　　 According to reports, cotton yarn futures will be listed in August. On the one hand, the supply of cotton is stable and the market risk is relatively small. Relevant data shows that the cotton output in 2017 and 2018 is expected to reach 5.37 million tons, and the State Reserve’s total cotton output is 2.14 million tons. The supply of cotton is sufficient, and the uncertain factors that affect the large fluctuations of cotton yarn prices are reduced. On the other hand, the buying and selling of cotton yarn market has gradually become prosperous, which is conducive to market cultivation. In the cotton yarn spot market, there are usually two peak seasons, namely the stocking period for summer clothing production in May and June and the stocking period for winter clothing production in September and October. The listing of cotton yarn futures in August can take advantage of the time window for the cotton yarn market to turn from sluggish to strong, and improve the effect of cultivating the cotton yarn futures market.　　 The relevant person in charge of ZCE stated that ZCE will strictly follow the work requirements of the China Securities Regulatory Commission, earnestly prepare for listing, strengthen market promotion and investor education, and ensure the smooth launch of cotton yarn futures. Article Keywords: 　Cotton Yarn Futures Zhengzhou Commodity