Zhengzhou Commercial Institute continues to support the standardization construction of the short fiber industry
Recently, the “polyester short fiber futures benchmark delivery products jointly formulated by Zhengzhou Commodity Exchange and the China Chemical Fiber Industry Association (hereinafter referred to as the Chemical Fiber Association) The group standard “Technical Specifications” (T/CCFA03003-2022) has been released to the market and will be officially implemented from August 1. The release of this standard further standardizes the relevant technical index requirements for short fiber futures delivery products. Enterprises generally reflect that this standard is quantifiable, easy to operate, and highly innovative. It has positive significance in reducing uncertainty in spot transactions and assisting the development of industrial standardization and standardization.
Refined technical indicators to reduce delivery risks
The reporter learned that in October 2020, short fiber futures were listed on the Zhengzhou Commercial Exchange. In the past two years since its listing, short fiber futures have provided the industry with a richer set of risk management tools.
“Through short fiber futures, production companies can understand market changes and judge later trends more quickly, and can also stabilize production and operations through hedging; user companies can also grasp the raw material market conditions in a timely manner, which facilitates decision-making and production. Arrangement.” said Zhao Jianhua, manager of quality at Jiangxi Huaxi Village Co., Ltd. Special Chemical Fiber Factory.
According to Lin Xing, director of short fiber operations of Fujian Jingwei New Fiber Technology Industrial Co., Ltd., the listing of short fiber futures has significantly adjusted the rhythm of the market during the off-peak and peak seasons. At the same time, it has provided short fiber companies with a tool to effectively lock in profits.
With the stable operation of short fiber futures, the market has become increasingly demanding for further standardization of short fiber delivery products.
It is understood that currently, the staple fiber used for spinning complies with the national standard “Polyester Staple Fiberweed” (GB/T14464-2017), and the polyester staple fiber used for spunlace complies with the national standard Industry standard “Clean Spunlace Polyester Staple Fiber” (FZ/T52053-2018). Although both standards are the authoritative basis for judging whether products are qualified in various fields, they cannot be effectively reflected due to the overlapping value ranges of some technical indicators. Indicator requirements for both products. For this reason, there are often concerns in the industry about using spunlace polyester staple fiber for physical delivery, while the market can only rely on corporate brand reputation, long-term upstream and downstream cooperative relationships, etc. for credit constraints.
In this regard, Zhao Jianhua said that for the chemical fiber industry, the standards for various differentiated products are constantly being improved. There are national standards and industry standards for conventional products, but for the detailed differentiation of product varieties, each company has its own standards, the project indicators of some products are relatively close, and it is difficult for users to judge and distinguish well, which is not conducive to the healthy development of the industry.
In his opinion, many short fiber companies produce both spinning and spunlace staple fibers. From the perspective of self-operation of the company, product classification and user differentiation are relatively clear, but there are also individual companies that use similar products. Similar varieties replace the situation of “shoddy goods”.
In response to this industrial problem, the Zhengzhou Commercial Institute and the Chemical Fiber Association conducted an in-depth investigation of the major manufacturers of spinning and spunlace staple fibers, covering more than 75% of domestic production capacity, to fully understand the actual needs of the industry and the pain points and difficulties in standard formulation.
On this basis, the two parties further cooperated with the authoritative quality inspection agencies Shanghai Textile Industry Technical Supervision Institute, Jiangyin Fiber Inspection Institute and leading enterprises Sinopec Yizheng Chemical Fiber and Huaxi Village They formed a standard drafting group, collected samples from 13 short fiber futures delivery brands, and carried out multiple rounds of quality inspection experiments in the past year. Finally, “sinking time” was selected from 16 indicators as the core indicator and compiled “Technical Specifications for Futures Benchmark Delivery Products of Polyester Staple Fiber for Spinning” (T/CCFA03003-2022) group standard. This standard applies to short fiber futures benchmark deliverables and stipulates terms and definitions, product identification, technical requirements, and test method requirements for benchmark deliverables.
“The group standard provides more detailed regulations on the polyester staple fibers for spinning and delivery by focusing on the similarities and differences in conventional performance indicators and hydrophilicity indicators of polyester staple fibers for spinning/spunlace. , further standardizing the technical indicators of short fiber futures delivery products, and eliminating the technical risks of using spunlace short fiber for delivery to the greatest extent.” said the relevant person in charge of the Chemical Fiber Association.
In Zhao Jianhua’s view, the formulation of group standards can eliminate the risk of mixing two types of short fibers from the source, and corporate operations will also be implemented in accordance with relevant standards. This will be beneficial to companies, users and even exchanges. , which can effectively reduce the probability of disputes over the use of short fibers.
The launch of group standards has been widely recognized by the industry
The reporter learned that the research and launch of short fiber group standards have been widely recognized and strongly supported by the industry. Enterprises generally report that group standards are quantifiable, easy to operate, and highly innovative, and are important for regulating the spot market and serving industry enterprises. Positive meaning. In addition, group standards provide strong support for resolving disputes over the use of short fiber futures deliverables and promoting the introduction of warehouse delivery.
“my country’s national standard “Polyester Staple Fiber” (GB/T14464) has been revised twice since the first edition was compiled in 1993, in 2008 and 2017.” The relevant person in charge of the Chemical Fiber Association said that the standard has been continuously revised.Behind the order is the development and progress of the industry. “Polyester Staple Fiber” is the most basic standard in the industry. During the revision process, it also needs to adapt to the large-volume and wide-ranging mainstream products in the market. However, in order to meet the people’s growing demand for textiles, the requirements for chemical fiber product specifications for different textiles have become increasingly refined and show subtle differences, which requires the industry to customize various products according to downstream market segments. “Subject to the development process and market size of each segment and the detection methods of various innovative indicators, it is difficult for the industry to guide and regulate the development of the industry in a timely manner through the formulation of government standards (national standards, industry standards), which requires group standards. Additional follow-up.”
In 2016, the “Guiding Opinions on Cultivating and Developing Group Standards” jointly issued by the General Administration of Quality Supervision, Inspection and Quarantine and the National Standards Administration pointed out that “cultivating and developing group standards is to give play to the decisive role of the market in the allocation of standardization resources and accelerate the construction of a national An important measure for the new standard system”. Group standards can “quickly respond to innovation and market demand for standards, and fill gaps in existing standards. Social groups are encouraged to formulate group standards that are stricter than national standards and industry standards, lead the development of industries and enterprises, and enhance the market competitiveness of products and services “.
“As a standardized product with a high degree of regulation, futures delivery products need to formulate more precise technical index requirements based on common industry standards. Futures delivery products are further standardized through group standards, in line with group standards, respond to market demand, and lead the industry Development and improving the market competitiveness of services are also an important starting point for further improving futures delivery.” said the person in charge of the Chemical Fiber Association.
As one of the delivery companies, Huaxi Village Co., Ltd. Special Chemical Fiber Factory actively participated in the formulation of this standard, and also hopes to further learn and improve its business level and capabilities.
“The formulation of group standards has further improved the ideological understanding of enterprises, and treated delivery products with a standardized management attitude. The rights and interests of users can also be better protected. At the same time, the requirements and standards for delivery products have been clarified, which can It can effectively avoid some trade frictions and problems and protect enterprises and markets to the greatest extent.” Zhao Jianhua said.
Lin Xing also said that short fiber delivery will be more standardized and healthy market competition is what short fiber companies are willing to see. He hopes that Zhengzhou Commodity Exchange will cooperate with production companies in terms of delivery rules, market maintenance and other aspects to make short fiber futures closer .
The relevant person in charge of Zhengzhou Commercial Exchange said that Zhengzhou Commercial Exchange will take the release and implementation of short fiber group standards as an opportunity to promote the standardization and standardization system construction of short fiber spot goods, conduct in-depth research on the introduction of warehouse delivery system for short fiber futures, and standardize the short fiber industry. It provides more convenience for healthy development and entity enterprises to carry out hedging and delivery, and continues to contribute new futures power to the high-quality development of the textile industry.
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