2. As a trading product listed by Zhengshang Stock Exchange, many investors should compare it with cotton futures at the initial stage of listing. Let's briefly introduce what cotton futures are and how to trade them.

3. Cotton yarn futures are varieties listed on Zhengzhou Commodity Exchange, with the code CY, the trading unit is 5 tons/lot, and the minimum fluctuation price is 5 yuan/ton. Therefore, for every smallest fluctuation in the contract price, the corresponding profit and loss is 25 yuan/lot.

4. Cotton futures trading time: 9: 00- 10: 15,10: 30-1:30,13: 30-/kloc-. Night plate: 2 1: 00-23: 30. At present, the first-hand transaction fee of cotton yarn futures is 4 yuan, and the liquidation fee can be exempted for intraday trading. As we all know, the main contract of cotton is in 2005, and the margin ratio of cotton yarn futures exchange is 5%, which is equivalent to 20 times leverage, and the exchange margin is about 6600 yuan/lot.

5. What is the relationship between cotton futures and cotton yarn futures?

Clothes are made of "cotton-cotton yarn-cloth-clothes". Therefore, as the downstream of cotton, the listing of cotton yarn makes the market structure more perfect. The listing of cotton yarn futures will optimize the resource allocation of upstream and downstream enterprises, make the industrial chain of cotton and cotton yarn form a linkage effect, and make many industrial enterprises willing to solve the problems of raw material inventory and product sales through the futures market, and use cotton and cotton yarn futures to do \ "virtual inventory management \". At present, the chaotic domestic and international cotton yarn markets will definitely be unified, and the future product quality standards, price benchmarks and trade patterns will be greatly affected by cotton yarn futures.

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Classification and use of cotton yarn

Cotton yarn is a kind of yarn made of cotton fiber through spinning process, which is called cotton thread after being processed by economic cooperation unit. There are many kinds of cotton yarn, which can be divided into pure cotton yarn and cotton blended yarn according to the different cotton fiber content. Pure cotton yarn refers to all cotton.

Fibers are made of raw materials or mixed with a small amount (5% or less) of non-cotton fibers. According to the spinning process, it can be divided into carded cotton yarn and combed cotton yarn. Combed cotton yarn is made of high quality cotton fiber, and a combing process is added to the carded cotton yarn. According to the spinning equipment and spinning principle, it can be divided into ring spinning, open end yarn and non-open end yarn. Ring spinning is twisted by traditional spinning method on ring spinning frame, which occupies a relatively large market at present.

According to the purpose, it can be divided into woven yarn and knitted yarn. Woven yarn has higher strength and twist than knitted yarn. According to the dyeing and finishing of yarn, it can be divided into natural yarn, dyed yarn and colored yarn. According to Cheng,

Yarn forms are divided into package yarn and skein yarn. Cotton yarn is the direct downstream product of cotton, and more than 90% of cotton is used for spinning. Cotton yarn has a wide range of uses, most of which are used to make all kinds of cotton cloth (also called grey cloth), and a few are used to make sewing thread and embroidery thread.

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