Short fiber futures were listed and traded in Zhengzhou Commodity Exchange on the morning of June 65438+1October 65438+February, 2020, and its benchmark delivery product is the primary spinning short fiber product with the largest proportion in the market at present. Since the listing of short fiber futures, PTA and short fiber futures cross-species arbitrage instructions have been launched simultaneously. The first batch of short fiber futures contracts listed and traded are PF 105, PF 106, PF 107, PF 108, PF 109, and the listing benchmark price is 5400 yuan/ton.

1, staple fiber belongs to polyester industry, full name of polyester staple fiber. The strength of staple fiber is nearly 1 times higher than that of cotton and 3 times higher than that of wool. Good heat resistance, can be used at 70 ~ 170℃; Elasticity is close to wool; Wear resistance is second only to nylon, ranking second among synthetic fibers.

2. Staple fiber is mainly used in cotton spinning industry, spinning alone or blended with cotton, viscose fiber, hemp, wool and vinylon. The obtained yarn is mainly used for clothing weaving, and can also be used for home improvement fabrics, packaging fabrics, fillers and thermal insulation materials. Since entering China in 1970s, staple fiber has become an important raw material for textile, clothing, home textiles and other industries because of its wide use, low price and rapid market development.

Significance of listing short fiber futures

1, to guide the reasonable development of prices.

There are many spinning enterprises in China, and most of them are small and scattered, so there are insufficient tools to deal with the fluctuation of staple fiber price. The staple fiber market is prone to centralized purchasing when the price fluctuates greatly, and the production and sales rate sometimes reaches 200%, 300% or even higher, while the production and sales rate is low when the price is stable, only 40% to 50%, which is very unfavorable to the stable production and operation of industrial enterprises. Listing short fiber futures is conducive to providing forward price guidance and risk management tools, guiding industrial enterprises to purchase and sell reasonably, and helping industrial enterprises to hedge and avoid risks.

2. Promote the development of industrial chain

Listing staple fiber futures is conducive to improving the variety system of polyester industrial chain futures, and staple fiber producers can avoid the price risks of raw materials and products at the same time, lock in processing profits and meet the risk management needs of upstream and downstream enterprises; At the same time, as the raw material of textile industry, short fiber can form linkage with cotton and cotton yarn futures that have been listed at present, further enriching the risk management tools of textile industry. Therefore, the listed staple fiber futures can exert the clustering effect of varieties, improve the service level of the futures market to the polyester industry and the textile industry, and further enhance the global competitiveness of domestic polyester staple fiber enterprises.