Recently, the inauguration ceremony of Kunming PVC Industry Cultivation Base and the first training course of Chemical Industry Enterprise Integration and Financing took place at Century Jinyuan Hotel. Ji Tongguo, Deputy Director of Dalian Commodity Futures Exchange Department, General Manager of Yunnan Nengtou Chemical Co., Ltd. Xing Aimin, Deputy General Manager of Minmetals Futures Co., Ltd. Zhu Jiaqiu attended the meeting and unveiled a training base for PVC industry in Kunming, marking the first PVC industrial training base in southwest China to be settled in Yunnan Nengntou Chemical Co., Ltd.
Kunming PVC industry cultivation base can drop flowers to vote chemical industry
Ji Tongguo said that Yunnan is an important gathering area for PVC industry in our country and has tremendous development opportunities. The PVC upstream and downstream industry chain is closely linked with the concentration of energy and chemical industry as the core, which provides a good industry for PVC market (industry) training base surroundings.
'This time, taking the opportunity of industrial training base activity as an opportunity, we can join hands with Yunnan Chemical Industry Chemical Industry Chain to build a platform for communication and exchange. We will further deepen our understanding of futures as a risk management tool, Price of new business model awareness, so that futures better serve the business, to participate in modern market operations and competition. '
Xing Aimin said that this training course is a meeting of Dalian Commodity Exchange Industry and Finance to exchange and learn from each other and to promote development. At the same time, it is also a major event in the process of chemical industry development. Good to drive and promote the chemical industry to the management and operation to a new level.
In PVC market in retaliation in retaliation in one fell swoop to regain the decline in five years, setting a 6-year high of nearly two years PVC futures contract and the spot market continue to run in, the correlation between the futures and spot prices more and more.
Investing in chemical industry The relevant strategic researchers who can vote for chemical industry analyzed at the meeting: "The fluctuation of PVC spot price in 2017 is particularly noticeable with futures changes." In the absence of major changes in the supply and demand side, each adjustment of the PVC spot market price Which is triggered by the violent fluctuation of the futures price.The function of price discovery in the futures market is constantly strengthened, and the spot PVC participants, regardless of their participation in the futures, regard the futures as a reference tool for pricing and sales in the spot operation.
It is understood that the existing unit can vote chemical production capacity of 220,000 tons of PVC, 200,000 tons of caustic soda, 220,000 tons of calcium carbide, has been trying to use the futures market to avoid the price risk of PVC, the next step will apply for PVC delivery brand.