ZCE assists the construction of staple fiber standardization to promote the high-quality development of the chemical fiber industry

　　Recently, Zhengzhou Commodity Exchange (hereinafter referred to as ZCE) and China Chemical Fiber Industry Association (hereinafter referred to as Chemical Fiber Association) jointly formulated the "Technical Specification for Benchmark Delivery Products of Spinning Polyester Staple Fiber Futures" (T/CCFA 03003-2022) The group standard is released to the market and will be officially implemented on August 1
.
The release of this standard further regulates the relevant technical index requirements of staple fiber futures deliverables.
Enterprises generally report that the standard is quantifiable, easy to operate, and highly innovative, which is of positive significance for reducing the uncertainty of spot transactions and promoting the standardized development of the industry
.

　　Refinement of technical indicators to reduce delivery risk

　　In October 2020, staple fiber futures were listed on the Zhengzhou Commodity Exchange
.
Since its listing for nearly two years, staple fiber futures have provided the industry with more abundant risk management tools
.

　　"Through staple fiber futures, production enterprises can understand market changes and judge later trends faster and more quickly, and can also stabilize production and operation through hedging; user enterprises can also grasp the market conditions of raw materials in a timely manner, which is convenient for decision-making and production arrangements
.
" Zhao Jianhua, Quality Manager of Special Chemical Fiber Factory of Jiangxi Huaxi Village Co.
,
Ltd.

　　According to Lin Xing, director of staple fiber operations of Fujian Jingwei New Fiber Technology Industrial Co.
, Ltd.
, the listing of staple fiber futures has significantly adjusted the rhythm of the market during the off-peak and peak seasons, and at the same time, it has provided staple fiber companies with tools to effectively lock in profits
.

　　With the stable operation of staple fiber futures, the market demands for further regulation of staple fiber delivery products are becoming stronger and stronger
.

　　It is reported that at present, the national standard "Polyester Staple Fiber" (GB/T 14464-2017) is implemented for spinning staple fibers, and the industry standard "Clean Spunlace Polyester Staple Fiber" (FZ/T 52053-2018) is implemented for spunlace polyester staple fibers.
), although the two standards are the authoritative basis for judging whether the products in various fields are qualified or not, but due to the overlapping value ranges of some technical indicators, they cannot effectively reflect the indicator requirements of the two products
.
For this reason, the industry often has concerns about using polyester staple fibers for spunlace for physical delivery, while the market can only rely on corporate brand reputation and long-term upstream and downstream partnerships for credit constraints
.

　　In this regard, Zhao Jianhua said that from the perspective of the chemical fiber industry, the standards of various differentiated products are constantly being improved.
There are national standards and industry standards for conventional products, but for the refinement of product varieties, each enterprise has its own standards.
Some The project indicators of the products are relatively close, and it is impossible for users to judge and distinguish, which is not conducive to the healthy development of the industry
.

　　In his view, many staple fiber enterprises produce staple fibers for spinning and spunlace at the same time.
From the perspective of enterprise self-operation, product classification and user distinction are relatively clear, but there are also some companies that use similar varieties to replace The "shoddy" situation
.

　　In response to this industrial problem, ZCE and the Chemical Fiber Association conducted an in-depth investigation of the main manufacturers of staple fibers for spinning and spunlace, covering more than 75% of the domestic production capacity, to fully understand the actual needs of the industry and the difficulties in standard formulation
.

　　On this basis, the two parties further formed a standard drafting team with authoritative quality inspection institutions Shanghai Textile Industry Technical Supervision Institute, Jiangyin Fiber Inspection Institute, and leading enterprises Sinopec Yizheng Chemical Fiber and Huaxi Village to collect samples of 13 short fiber futures delivery brands.
, carried out several rounds of quality inspection experiments in the past year, and finally selected "sinking time" from 16 indicators as the core indicator, and compiled the "Technical Specifications for Benchmark Delivery Products of Polyester Staple Fiber Futures for Spinning" (T /CCFA 03003-2022) group standard
.
This standard applies to staple fiber futures benchmark deliverables, and specifies the terms and definitions, product identification, technical requirements, and test method requirements for benchmark deliverables
.

　　"By focusing on the similarities and differences of conventional performance indicators and hydrophilicity indicators of polyester staple fibers for spinning/spunlace, the group standard provides more detailed regulations for spinning polyester staple fibers for delivery, and further regulates The technical indicators of staple fiber futures delivery products have been eliminated, and the technical risk of using spunlace for delivery of staple fibers has been excluded 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 the two types of staple fibers from the source, and the operation of enterprises will also be implemented in accordance with relevant norms and standards, which can be effective for enterprises, users and even exchanges.
Reduce the probability of disputes over the use of staple fibers
.

　　The introduction of group standards has been widely recognized by the industry

　　It is understood that the research and launch of the short fiber group standard has been widely recognized and strongly supported by the industry.
Enterprises generally report that the group standard is quantifiable, easy to operate, and highly innovative, which is of great positive significance for regulating the spot market and serving industrial enterprises
.
In addition, the group standards form a strong support for resolving disputes over the use of staple fiber futures deliverables and promoting the introduction of warehouse delivery
.

　　"China's national standard "Polyester Staple Fiber" (GB/T 14464) has undergone two revisions in 2008 and 2017 since the first edition was compiled in 1993.
The
relevant person in charge of the Chemical Fiber Association said that behind the continuous revision of the standard is the industry.
development and progress
.
As the most basic standard in the industry, "Polyester Staple Fiber" also needs to adapt to the mainstream products in the market in large quantities and in a wide range in the process of revision
.
However, in order to meet the people's growing demand for textiles, the requirements for chemical fiber product specifications for different textiles are becoming more and more refined and showing subtle differences, which requires the industry to customize various products according to downstream market segments
.
"Restricted by the development process and market size of various segments and the detection methods of various innovation indicators, it is difficult for the industry to guide and regulate the development of the industry in a timely manner by formulating government-type 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 Committee pointed out that "cultivating and developing group standards is to give play to the decisive role of the market in the allocation of standardized resources and to accelerate the construction of a new national standard system.
important measure”
.
Group standards can "quickly respond to innovation and market demand for standards and fill the gaps in existing standards
.
Encourage social groups 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 highly regulated standardized product, futures delivery products need to formulate more refined technical index requirements based on general industry standards
.
Further standardize futures delivery products through group standards, respond to market demand, lead industry development, and improve group standards.
The positioning of the market competitiveness of services is 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 own business level and ability
.

　　"The formulation of this group standard has further improved the ideological understanding of the enterprise, treated the delivery products with a standardized management attitude, and the rights and interests of users can be better protected.
At the same time, clarifying the requirements and standards of the delivery products can effectively avoid some When trade frictions and problems occur, protect enterprises and the market to the greatest extent
.
" Zhao Jianhua said
.

　　In this regard, Lin Xing also said that staple fiber delivery is more standardized, and healthy market competition is what staple fiber companies are willing to see.
It is hoped that Zhengshang will cooperate with production companies in terms of delivery rules and market maintenance to make the short fiber period more closely.

.

　　The relevant person in charge of ZCE said that ZCE will take the release and implementation of the staple fiber group standards as an opportunity to continue to promote the standardization of staple fiber spot and the construction of a standardized system, and to conduct in-depth research on the introduction of the warehouse delivery system into staple fiber futures, so as to standardize the healthy development of the staple fiber industry.
Carrying out hedging and delivery with real enterprises provides more convenience, and continues to contribute new futures forces to the high-quality development of the textile industry
.

From: Xinhua Finance