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China approves launch of cotton yarn futures
06
Jul '17
China's securities regulator has approved the launch of cotton yarn futures on the Zhengzhou Commodity Exchange. The cotton yarn futures, together with the cotton futures that are already traded, will help companies to improve risk management. Frequent fluctuations in cotton yarn prices have had negative impacts on related industries in the past few years.

Futures contracts obligate investors to buy or sell the underlying assets at a predetermined price at a specified time, helping investors mitigate risks of price volatilities, according to a Chinese news agency.

Launch of the cotton yarn futures will be an answer to market demand. Large and frequent fluctuations in cotton yarn prices have had negative impacts on related industries in the past few years, the China Securities Regulatory Commission (CSRC) said, according to the report.

The date for the commencement of trading will be announced later, the report said.

China has been developing its commodity derivatives market and plans to gradually open it up to foreign investors. Earlier in April, the country launched white sugar options, the second commodity options after soybean meal. (SV)

Fibre2Fashion News Desk – India


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