The Zhengzhou Commodity Exchange to Launch Cotton Yarn Futures in August

China will soon launch a new commodity futures contract as the country pushes for development of its commodity derivatives market. Starting from Aug. 18, cotton yarn futures will be trading on the Zhengzhou Commodity Exchange, with preparation work for the launch already completed, said the China Securities Regulatory Commission in a statement Friday [4 August

China Securities Regulatory Commission Approves Cotton Yarn Futures Trading on the Zhengzhou Commodity Exchange

China’s securities regulator has recently approved the launch of cotton yarn futures on the Zhengzhou Commodity Exchange, according to an official statement. The cotton yarn futures, together with the cotton futures that already traded, will help companies in the industry to hedge against and improve the management of risks, the China Securities Regulatory Commission (CSRC)

Chinese Yarn Imports Rise due to Inflated Domestic Prices for Raw Cotton

China’s aggressive cotton stockpiling policy has pushed up domestic prices, forcing the world’s largest textile industry to boost imports of yarn by as much as a third in 2013, while production moves to southeast Asia, drawn by lower costs there. Beijing’s stockpiling moves, launched in 2011 and designed to support farmers, have held domestic cotton