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Industry News | Time: Jun 23 2017 9:50AM
[2017 China Yarn & Fabric Summit (The 6th Imported Yarn Forum)]China cotton yarn futures transaction rule analysis
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Yuan Nan from Zhengzhou Commodity Exchange delivers her report China cotton yarn futures transactions rule analysis.

Her report is divided into 4 parts, to introduce the transaction rule in China cotton yarn futures exchange.

In the part, she takes examples of Japan's OME and TOCOM cotton futures market, and India's MCX, and points out that a quick development of cotton textiles market is the bed for cotton futures establishment. The oversupply risks provide a good opportunity for the futures speculative demand.

Then, she states the necessity of cotton futures establishment, as to form a complete hedging system with cotton futures, and thus promote and sound development of cotton textiles industry.

Thirdly, Yuan introduces the rule in cotton futures exchange, and takes cotton yarn C32S as a standard product.

Fourthly, Yuan also describes the details of futures exchange, including benchmark of delivery quality, location, warehouse and delivery terms of cotton yarn futures.
[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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