Xinhua Bulk Cotton And Four Kinds Of Yarn Went Online On The 29Th

Representatives of more than 300 upstream and downstream enterprises in the cotton industry, textile and chemical fiber industry chain attended the launch ceremony in Xiaoshan, Hangzhou, Zhejiang, and discussed how to promote cotton spot trading. Participants believed that the cotton and yarn varieties launched by Xinhua Bulk are expected to promote the effective connection between the cotton and cotton yarn spot market and the futures market. Gao Yong, Vice President of China Textile Industry Federation, was invited to attend the launch ceremony.

Yang Hongsen, the general manager of Xinhua Bulk, said at the ceremony that it was of great significance for Xinhua Bulk to announce the launch of spot trading varieties of cotton and yarn at the critical time point when the national cotton direct subsidy reform was officially launched, which was an important part of the strategic layout of Xinhua News Agency's global commodity pricing power. They will directly welcome the wave of cotton marketization, and strive to build a national leading cotton yarn trading platform that truly realizes market-oriented operation and serves spot trade through market-oriented operation, based on spot, future and present exchange, and strong alliance.

It is reported that the first batch of cotton and yarn operating varieties include cotton, pure cotton 32 knitting yarn, pure cotton 32 woven yarn, pure cotton 40 knitting yarn combed, pure cotton 40 woven yarn combed. In order to ensure product quality and promote spot transaction delivery, Xinhua Bulk has stipulated four basic attribute requirements for yarn delivery products, namely, cotton fiber content, linear density, twist and moisture regain; Five quality requirements for standard products are specified, namely, coefficient of variation of evenness, breaking strength of single yarn, kilometre neps, weight deviation per hectare and hairiness index. In addition, the corresponding premium is set on the three indexes of evenness variation coefficient, single yarn breaking strength and hairiness index. In addition, in order to cooperate with the online trade of cotton and yarn, Xinhua Bulk and Zhongbo Industrial Development Corporation, a subsidiary of the Textile Organ Service Bureau of the SASAC, jointly launched the "Xinhua Zhongbo Big Market B2B" electronic spot trading platform textile zone. The platform was officially launched, striving to build a textile collection center, provide enterprise product display, enterprise publicity, commodity trading, information consulting services, optimize enterprise purchase and sales management, and achieve online and offline resource complementation and application collaboration.

Xinhua Group cotton 、 yarn The launch of varieties can be described as a collection of multiple forces with strong strength. Zheng Zhijian, Deputy Director of the Textile Organization Service Bureau of the State owned Assets Supervision and Administration Commission of the State Council, said that by relying on a wide range of industry experts, this platform is capable of providing enterprises with all-round value-added services such as development planning, technical cooperation, production and operation consulting, and financial services.

At the launch ceremony, more than 300 managers from upstream and downstream enterprises in the cotton industry, textile and chemical fiber industry chain were present. Some spot traders said that, Cotton patching policy Just released, we are still in a wait-and-see state and dare not act rashly. At present, there is an urgent need for a platform that can truly adapt to marketization and ensure the emergence of spot transactions to meet the needs of textile enterprises in risk hedging, commodity procurement and investment. At the same time, spot traders are confident that the operation of Xinhua bulk cotton yarn products can effectively meet the spot transaction. They believe that: first, the product quality requirements are high, in line with the market demand trend, easier to gain market favor, and also conducive to the formation of a better brand effect; Second, the delivery warehouse of products is located in Jiangsu and Zhejiang, where textile enterprises are relatively concentrated, which can make it easier for dealers to carry out physical delivery, thus promoting spot transactions; Third, it can be seen from the relevant contents of the settlement method that its risk control through reasonable design reduces the intermediate circulation links and allows trading enterprises to directly connect to reduce costs, which is quite attractive to dealers who really want to carry out settlement.