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On the 29th, China (Tianmen) Cotton Exchange Center opened its doors. On the same day, 210 cotton companies from the United States, Singapore, and across the country went online and the transaction volume exceeded 100 million yuan.
The trading center is jointly built by Zall Holdings Limited and Tianmen City, with a total investment of 6 billion yuan, which aims to build China's largest cotton trading platform. A 500,000-square-meter cotton storage warehouse is basically completed, with an annual storage capacity of 1 million tons, which is equivalent to 12% of the country's annual production. The trading center also carries out various services such as the pledge of cotton warehouse receipts, spot trading, escrow, storage, distribution, warehouse logistics and other services.
At present, the center has cooperated with China Reserve Cotton Group and formally became the reserve reservoir of China Reserve Cotton Management Corporation. It signed a cooperation agreement with Xinhua News Agency to jointly launch Tianmen Cotton Spot Index and promote Hubei to become the national cotton price center. At present, more than 200 cotton merchants from more than 20 provinces have settled in.
After the project is put into operation, it is estimated that the annual transaction volume in the trial operation stage in 2013 will be 5 billion yuan, and after the stable operation in 2015, it will reach 20 billion yuan. "After 35 years, China's cotton prices will be marked with Hubei as the wind indicator." Zhai Zhi, chairman of Zall Holdings, is full of confidence.
Tianmen is a national high-quality cotton export base, and has produced over 1 million lint for 14 consecutive years. 
