The 2022 central reserve cotton rotation interpretation and market situation analysis meeting was successfully held

In 2022, due to the combined influence of factors such as international politics, economy, and the COVID-19 epidemic, major market changes will occur in the domestic and foreign cotton markets. Many cotton-related companies are extremely concerned about this rotation of cotton reserves. The meeting specially invited relevant leaders of the China Fiber Quality Inspection Center, China Cotton Reserve Company, and the National Cotton Trading Market to respectively review the “2022 Annual Reserve Cotton Roll-in Implementation Rules”, “2022 Annual Reserve Cotton Roll-in Notarization Inspection Implementation Rules”, and “2022 Annual Reserve Cotton Roll Inspection Implementation Rules” “Measures for Entering Bidding Transactions” will be interpreted in detail to help depository enterprises gain a deep understanding of the implementation details, inspection rules, and transaction methods. Wang Qiang, general manager of China Reserve Cotton Wuhan Co., Ltd., explained the precautions for warehousing reserve cotton based on practical work experience. Yuan Gang, director of the Information Consulting Department of China Reserve Cotton Information Center, demonstrated the operation method of the reserve cotton warehousing reservation app.

At the meeting, Feng Mengxiao, chief economist of the China Cotton Information Center, made an in-depth analysis of the recent macroeconomic situation and the future cotton market situation. The monitoring system monitoring specialist introduced the results of the monitoring system and the relevant functions of the National Cotton Data Center.

This meeting provides in-depth and comprehensive explanations from the macro analysis of the domestic and international cotton markets to the interpretation of cotton reserve rotation, from the introduction of the functions of industrial data tools that are convenient for enterprises to the practical operation of reserve cotton warehousing, and provides an in-depth and comprehensive explanation for storage enterprises to understand the international situation. Domestic macroeconomic situation, further understanding the cotton reserve rotation requirements and processes, strengthening business experience exchanges, ensuring the smooth implementation of the central reserve cotton rotation work in 2022 has laid the foundation and achieved good results. In order to facilitate enterprises to watch, this meeting was held online. More than 280 people from cotton-related enterprises, traders, futures (spot) companies and other industry insiders from all over the country participated remotely.

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