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Cotton To Textile Enterprises Face To Face Pactions

2011/11/26 16:29:00 8

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22, just listed.

Bohai commodity exchange

Cotton spot continuous trading platform

moved

Xinjiang, the largest cotton producer in China, "promotes itself" to cotton growers and cotton producers.

Zhong Liman, director of marketing department of Bohai commodity exchange agricultural and forestry products, said that the development of Xinjiang cotton growing area was aimed at promoting cotton enterprises in Xinjiang to make continuous use of cotton spot and improve cotton enterprises.

Management

We should establish a risk management mechanism to promote the marketization of cotton and serve the economic development of Xinjiang.

Xinjiang is the largest hand picked cotton and the only long staple cotton producing area in China.

In recent years, the state has listed Xinjiang as an important part of the national cotton industry.

strategy

With the support of the state, Xinjiang has been developing healthily and continuously around the development strategy of the western region. The cotton industry has been developing healthily and continuously, and its planting area, unit area, total output and output have ranked first in the country for 17 consecutive years.

At the moment, it is the storage period of China's national cotton reserves. There are many cotton producers in the cotton producing area, which are difficult to sell cotton, the cotton mill is not profitable, cotton trade enterprises dare not buy, cotton mills reduce and lose cotton.

At present, the traditional cotton spot market lacks the price formation mechanism agreed by all parties. The contradiction between the seasonal production characteristics of cotton and the continuous production characteristics of textile industry is particularly prominent.

"Cotton sale is difficult" and "buy cotton is difficult" alternately, affected by the speculative factors in the capital market, China's cotton prices often appear.

Skyrocketing

The phenomenon makes cotton production enterprises and textile enterprises face huge price risks.

Zhao Jinan, Deputy Secretary General of the Xinjiang production and construction corps cotton association, said that Xinjiang's cotton output accounted for 1/3 of the national output, and the market potential of the cotton enterprises involved in cotton spot spot continuous trading was great.

Cotton spot trading platform is expected to help Xinjiang local and corps involved cotton enterprises to avoid risks, improve the market capacity of Xinjiang cotton enterprises.

It is understood that the Bohai commodity exchange cotton trading varieties will Xinjiang cotton as a pricing benchmark, reflecting the "cotton in the world to see China, China cotton to see Xinjiang" cotton spot market characteristics, is conducive to improving Xinjiang cotton in the international market, the right to speak and pricing power.

At the same time, the spot trading of cotton has also changed the pricing mode of traditional cotton spot trade. Cotton enterprises and textile enterprises have directly butted the paction in the exchange system to complete the sales and procurement, thus reducing the circulation of intermediate trade and reducing the cost of production and operation. The cotton related enterprises in Xinjiang will be directly beneficiaries.