截至目前，该局第一轮已全覆盖检查棉花收购加工企业100家，对检查发现的问题当场责令整改完毕。 "下一步，市场监管部门将持续抽调专业技术人员、行政执法人员组成先锋队，将'党建+护棉'业务相互 融合，深入棉花收购加工企业，开展棉花质量监督检查工作，保障棉花市场平稳运行。"乌苏市市场监 管局党组副书记、局长隋新义介绍。（杜志锋 马红忠 巴德玛 张春齐） "双节"过后，新疆维吾尔自治区乌苏市市场监管局提前谋划，开展"监管护棉"专项行动，强化党建引 领，组织党员先锋队对辖区100家棉花收购加工企业进行专项检查，帮扶指导企业对存在的问题进行整 改，确保收购加工企业基本技术条件符合国家标准及技术规范要求。 在乌苏市万畅棉纺有限公司棉花收购加工厂，监管人员深入棉花收购场地、棉花检验室，对地磅、计量 器具等进行查验。 在检查过程中，该局执法人员重点检查棉花收购加工企业是否执行"一试五定"检验流程，是否存在压级 压价、缺斤少秤等行为，是否严格落实棉花收购、贮藏和加工环节"三丝"管控措施，严查企业存在的违 法违规行为，确保棉花质量管控措施落实到位，全力做好辖区棉花企业质量提升工作。据介绍，前期， 乌苏市市场监管局配合招商新疆质量和 ...

据介绍，纤维检验机构检测数据的准确性直接关系到实验室检测能力以及检测结果的公正性，对检测设 备进行周期性检定和校准是保证测量结果准确的重要前提。 9月18日，乌苏市市场监督管理局计量检定专业技术人员依据相关检定规程，对塔城地区纤维检验所实 验室37台电子天平、4台电子秤进行检定和校准。经过现场严格测试，各类仪器设备运行状态稳定，测 试结果的准确度和精密度等指标均符合检定要求。通过对实验室仪器设备的检定校准，保障了实验数据 的准确性，为高效有序开展实验室检验检测工作提供有力支撑，持续提升纤维检验技术服务水平。 "这些'精密仪器'差一点点，棉花收购加工企业可能就少收几百公斤的钱。"乌苏市市场监督管理局产品 质量与计量检测所所长展新磊说，计量精准度直接关系农企双方利益，必须做到"毫厘不差"。 检定不是'挑错'，是帮我们纤维检验所实验室校准了'定盘星'。" 塔城地区纤维检验所负责人姜涛说， 精准计量检定既能避免纠纷，也能提升棉花质量溯源效率，棉农信得过，企业才能收得顺。 "我们将持续提升专业技术服务水平，为棉花检测数据的准确性、有效性和可靠性提供坚实保障，进一 步营造安全放心、公平有序的市场计量环境，通过日常巡查、专 ...

Core Insights - The article highlights the innovative risk management approach adopted by downstream enterprises in the Xinjiang cotton industry through structured OTC options, specifically the cumulative purchase options used by processing company X to manage procurement costs effectively in a volatile market [1][15]. Industry Overview - The cotton industry faces structural challenges, with cotton being a core raw material for the textile industry. Price fluctuations significantly impact garment manufacturing, foreign trade exports, and agricultural planting. Recent geopolitical conflicts, extreme weather, and competition from alternative fibers have exacerbated market volatility, putting pressure on the stability of enterprises, particularly those in Xinjiang, which accounts for over 90% of China's cotton production [2][3]. - In 2024, domestic cotton prices exhibited notable "double high and double low" fluctuations, with prices for Xinjiang 3128B cotton ranging from 15,200 to 16,800 yuan/ton, reflecting a year-on-year increase in price volatility of 1,600 yuan/ton [2]. - The industry is constrained by three major pressures: high costs, high inventory, and high import dependence, alongside two weaknesses: weak demand and weak profits. The cost of planting has risen due to a 12% increase in fertilizer and pesticide prices, with average costs exceeding 2,500 yuan per mu. Processing costs have also increased by 8% to 10% due to high energy prices [2][3][4][5]. Company Case Study - Company X, a processing enterprise in Xinjiang, relies on high-quality long-staple cotton for its core products. The company faces significant profit pressure due to rigid sales prices and elastic raw material costs, leading to gross margin fluctuations of 25% to 40% [6]. - To address procurement risks during price surges, X implemented a cumulative call option strategy, allowing for flexible and low-capital risk management. The option was designed to lock in procurement costs effectively [8][11]. - The cumulative call option was executed with an entry price of 13,490 yuan/ton and a daily contract volume of 30 tons over a 19-day observation period. The mechanism allowed for double contract volume if the settlement price fell below the trigger price [8][10]. Implementation and Results - Throughout the observation period, X closely monitored daily futures prices and flexibly triggered contract executions, ultimately securing procurement rights at a cost of 13,340 yuan/ton for 270 tons of CF505 futures contracts [11][12]. - The company successfully rolled over and adjusted its cumulative call option strategy, achieving an average procurement cost of 13,340 yuan/ton for a total of 2,520 tons, effectively smoothing the procurement cost curve [12][13]. - This case illustrates the effectiveness of customized OTC options in addressing the risk management challenges faced by the Xinjiang cotton industry, enhancing the ability of enterprises to hedge against market risks and stabilize operational profits [15].