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Pinnacle International Trade Hosts Cotton Spinning Forum

Release time:

2020-07-22

News from our newspaper In order to better play the role of cotton yarn futures delivery warehouse and promote the development of textile industry in the region, 9# May 24 , Peak International Trading Company and Dadi Futures Co., Ltd. jointly organized "Talking about Cotton Road 2019- Dadi Peak Forum " .

The theme of this forum is "Cotton Spinning Industry Market Trend and Prospect " . More than 70 people from Hangzhou, Shaoxing, Shanghai, Lanxi, Changzhou, Jiangyin, Nantong and other parts of the country, as well as India and Vietnam's textile industry related units, gathered together to seek a common development plan for the cotton spinning industry.

Peak International Trade has actively implemented the work of cotton yarn delivery warehouse since it obtained the qualification of cotton yarn delivery warehouse designated by Zhengzhou Commodity Exchange. Hosting this forum is an important link for Jianfeng International Trade to start the cotton yarn delivery warehouse business. It aims to build an exchange platform for the cotton spinning industry, deeply study the operation rules of cotton yarn futures, enable textile mills, weaving mills and cotton yarn traders to quickly understand the Jianfeng warehouse and cotton yarn futures delivery and storage business, and jointly discuss the development trend of the cotton textile industry. Yu Jianhong, general manager of

Group Company, attended the meeting and delivered a speech. He expressed his gratitude and welcome to the guests who came to the forum, and said that Jinhua is located in the heart of Zhejiang, and its subordinate Lanxi City is China's main cotton textile industry base. The second pillar industry of Yiwu City is also the knitting industry. The demand for cotton yarn is huge. Peak International Trade to obtain cotton yarn futures delivery qualification, not only for Lanxi, Yiwu cotton textile industry and upstream and downstream merchants nearby to provide cotton yarn spot storage and futures delivery sites, but also can effectively serve this, service the province, and radiation to Jiangxi, Fujian and East China and other places. The purpose of this forum is to exchange experiences, promote docking and create a more efficient operation system of cotton textile business value chain. It will exchange views on how to serve the real economy, deeply discuss the market trend and prospect of cotton textile industry, open up the growth point of cotton yarn industry and build the ecological system of cotton yarn futures market. In the

forum, experts from Zhengzhou commodity exchange, earth futures and huarui information cotton textile industry chain discussed and analyzed the topics of cotton yarn futures, global macroeconomic situation, cotton textile industry situation, global cotton yarn supply and demand, etc. the staff of Lanxi textile industry association also introduced the general situation of Lanxi as "China weaving city " . Ye Haiyun, warehouse operation director of Jianfeng International Trade, introduced the business characteristics and delivery process rules of Jianfeng cotton yarn delivery warehouse in detail from the aspects of the definition, rights and obligations of futures delivery warehouse, delivery warehouse process and warehouse charging standard. He said that Jianfeng cotton yarn delivery warehouse will build the ecological system of cotton yarn futures market around the actual needs of cotton yarn upstream and downstream industries, for the cotton yarn industry and industry chain to provide "to create a more efficient cotton textile business value chain operation system " as the goal of high-quality services. (Ni Yingzhen Huang Zhiyu)

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