The New Standard Has A Significant Impact On The Cotton Industry.

< p > < strong > new standard will have a significant impact on < a href= > //www.sjfzxm.com/news/ > cotton industry < /a > /strong > /p >

< p > "the newly revised cotton standard has subverted the concept of classification in the past 40 years."

The answer of the responsible person comes straight to the point. "In the past 40 years, the habit of habit thinking has been changed. In the past, it was based on three conditions, and the color level was" classification by color, and by Ze ".

All the industry's < a href= "//www.sjfzxm.com/news/index_c.asp > cotton > /a > grading personnel need to relearn the inspection technology, the cotton classification laboratory invested by the fiber inspection system and the imported HVI testing instruments should be adjusted accordingly.

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< p > secondly, with the change of the new standard classification concept, the traditional cotton trade settlement system that has been used in China for 40 years will also undergo revolutionary changes.

In the new standard, the quality settlement index of sawtooth cotton increased from 3 to 7, namely color level, mill quality, length, micron value, fracture strength, length uniformity, and foreign fiber.

There is no one-to-one correspondence between the grade and the color level, so the new trade settlement system must be reversed.

This will have a direct impact on the cotton trade of more than 5000 qualified cotton processing enterprises, more than 1000 circulation enterprises and more than 10000 textile enterprises in China.

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< p > Third, in order to change the matching new standards, the state's policy of purchasing and storing up should be adjusted.

The state should redefine the standard level, storage scope and standard level of cotton storage and storage.

For example, the temporary storage price of cotton in 2012 is 328; the standard level is 328 (grade three, length 28mm) the price of lint to the warehouse is 20400 yuan per ton, but after the implementation of the new standard, the standard level is no longer 328, what the specific standard level is, what kind of cotton can be stored and the grade difference is needed.

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< p > rules for futures trading and electronic matching pactions should be revised; China's cotton price index and imported cotton quasi tax should be reamended.

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< p > due to the special requirements of futures trading, the Zhengzhou Mercantile Exchange announced the new trading rules and premium in November 2012. The national cotton trading market has been revised, and the new rules are expected to be announced in June 2013.

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< p > < strong > New < a href= > //www.sjfzxm.com > cotton trade > /a > settlement system should be born instead of /strong > /p >

< p > to protect the legitimate rights and interests of the cotton trade parties, to maintain fair, honest and orderly cotton trade order, to regulate trade between buyers and sellers, to reduce trade disputes between the two sides and to promote healthy development of cotton trade, commissioned by the national development and Reform Commission, since May 2012, the China Cotton Association has organized more than 20 experts from the national cotton related units to begin drafting and revising the cotton trade settlement system under the new standard. After drafting, revising and openly seeking industry and social opinions, the domestic cotton trade rules corresponding to the new cotton standards of the state have been completed in November 2012.

The cotton trade rules are called cotton sales contracts and general provisions (applicable to domestic cotton trade), or referred to as "Sino Cotton Association - domestic cotton clauses".

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< p > "in November 21st, we announced the new cotton trade settlement system, the core of which is the cotton price difference between quality indicators at all levels, and the cotton price differentials of different grades should be adjusted regularly along with the market situation."

The person in charge introduces.

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< p > it is understood that the new cotton trade settlement system is in the stage of publicity and promotion.

The China Cotton Association will hold a training course in mid April to promote the cotton trade settlement system that is suitable for the new standards. The training objects are cotton processing enterprises, circulation enterprises, textile enterprises, cotton futures and other cotton related enterprises.

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< p > owing to the fact that the new cotton standard and new trade rules have not been put into normal use, it is impossible to predict actual difficulties at present.

At present, the important task is to publicize and popularize the rules of trade settlement under the new cotton standard as far as possible, so that all parties can understand it.

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< p > it is understood that in November last year, the Zhengzhou Mercantile Exchange published the trade rules based on the new standard, that is, the November 2013 contract, and specialized training in the training of trading rules for member units and dealers.

At present, the price difference announced by the Zhengzhou mercantile exchange is the value of the quality difference table of the sawtooth processed fine staple cotton made by the cotton association.

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< p > "this rule is brand new. There was nothing to be referred to before. As far as the current level of price difference is concerned, it is only when we use it that we find problems and then adjust them."

Li Boxi, Vice Minister of the Zhengzhou Mercantile Exchange, told reporters.

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< p > Li Boxi expressed full confidence in the future of the new cotton standard: "the most prominent thing in the new standard is the pformation from sensory testing to instrumented testing. There are more indicators for measuring quality. The certainty of cotton inspection is stronger, and the test results are more objective. Cotton futures trade has a positive effect."

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< p > < strong > recommends that enterprises learn new standards as soon as possible and enter the role as early as possible < /strong > /p >

< p > at present, < a href= "//www.sjfzxm.com" > cotton processing > /a > enterprises and textile enterprises do not know much about the new cotton standard, most of them are waiting and wait-and-see attitude.

The person in charge suggested that, in any case, the new cotton year will be fully used in the new standard. It is recommended that all cotton enterprises take the initiative to participate in the training courses of relevant institutions and learn more about new standards.

The cotton inspectors of the enterprises should master the inspection methods of the new standards, and be familiar with the new trade settlement system as soon as possible for the salesmen.

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< p > the person in charge thinks that the new < a href= "//www.sjfzxm.com" > cotton trade < /a > rules can only be found in the actual use and operation process.

At the same time, the policy of continued cotton purchase and storage in 2013 will be very beneficial to the promotion of new standards and trade settlement system.

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