2016 Cotton Industry Forum Held In Pujiang

On the "2016 Pujiang cotton industry forum" hosted by Zhengzhou commodity exchange and new lake Futures Limited (hereinafter referred to as "new lake futures"), Ma Wensheng, chairman of new lake futures, said that after the reform of cotton target price, cotton prices became more market-oriented, and cotton enterprises also changed greatly, and many of them realized pformation and upgrading.

At present, domestic and foreign market cotton price linkage is increasing day by day.

With the steady progress of the pformation process,

The management concept is also constantly upgrading.

"Cotton futures price has become an important reference price for enterprises."

Ma Wensheng said that some enterprises are now closely integrating the exposure risk management and trade scale management with futures. In this process, the cotton market has shown new vitality.

Director and vice president, Huafu color spinning Limited by Share Ltd

In the future, it will continue to deepen the integration of cotton industry and achieve standardization, systematization, and refinement of the total scale. At the same time, we will vigorously develop agricultural cooperatives and establish an integrity system, so as to enhance the quality of specialization and reduce the operating costs of enterprises. In order to make the whole cotton industry chain run at a high speed in uncertain market environment, we must grasp certainty and respond positively to uncertainty.

In view of the international market situation and the impact of China's import reduction on the market, Li Nan, general manager of the Department of cotton in loudf China, said: "by analyzing the balance sheet import data, I think that the overall situation of the world market is basically balanced, the key factor is the northern hemisphere weather, and in late China or after entering the need to import fill the gap.

The market is still facing opportunities, such as increasing cotton planting area. "

In the discussion of the trend of cotton market in the later period, Gu Bin, chairman of Hefei silver Peng cotton limited company, analyzed that Xinjiang's capacity increased too fast and the average freight rate would have a greater impact on the market.

He believes that the overall performance of cotton prices will run in the range this year, and will not rise or fall, but it will not exclude the possibility of a trend market, so as to find a new price range.

Fu Haitang, a famous investor in China, believes that the analysis of supply and demand is the key to forecasting cotton price trend. When analyzing the market, we should not have inertia thinking, have rational anticipation, do not follow the market, do not participate passively, and find the real variables. "I think the overall demand for commodities market is good, the economy is improving, and next year will be better than this year".

Liu Miao, manager of Limited by Share Ltd research and Development Department of Xinjiang Tianfu cotton supply chain, adds that the dumping will continue in a normal manner, and the issuance of quotas depends on the country's expectations under the background of inventory.

"Later, we need to continue to pay attention to the release rate of Xinjiang's capacity, the establishment of Xinjiang's deliverable warehouses, and the import changes in Central Asia except Ukraine."

Liu Miao said.