Zhu Lihong, deputy general manager of Dalian Commodity Exchange, said at the '2018 China Plastics Industry Conference' held yesterday that in order to better serve plasticized industrial enterprises, the exchange will use iron ore futures to introduce overseas traders as an opportunity to accelerate plastics futures. Internationalization process.
Zhu Lihong said that since the listing of LLDPE futures in July 2007, PVC futures in May 2009 and PP futures in February 2014 have been listed one after another. In ten years, the large commercial office has become the world's largest plastic futures trading center. More and more Entity enterprises use the futures market for risk management. Since the listing, the total number of corporate clients involved in the trading of three plastic chemical futures in Dashang has reached more than 40,000.
She revealed that the exchange will do the following work in the following areas: First, strengthen the construction of new varieties and new tools, and gradually introduce more chemical products, and also launch relevant options tools as soon as possible. Second, improve futures. Contract, adjust delivery area, optimize delivery registration brand system, improve contract stability and continuity. Third, strengthen the construction of OTC market, increase support for OTC option pilot and basis trade pilot. Fourth is iron ore. Stone futures introduces foreign traders as an opportunity to accelerate the internationalization of plastics futures. The large commercial institute will work with the majority of plasticized industrial enterprises and related institutions to achieve common development under the guidance of the national strategic direction of financial service entities.
Han Xinwei, chairman of Zhejiang Mingri Holdings Group, said that since the establishment of LLDPE, PVC and PP three plastic futures varieties, plastic futures have grown from scratch, from small to large, and continue to grow and develop. New business models such as poor trade and OTC options have given guidance and strong support. The maturity of the plastics derivatives market is constantly improving. At present, derivatives tools are increasingly used in stock, and futures pricing has become domestic plastics. The important pricing model of the industrial chain has an increasing influence.
It is understood that current innovation models such as basis trade and off-exchange options have become new hot spots in the integration of industry and finance in the plastics industry. In the multi-same event of the plastics conference, the significance of relevant guests to basis trade and over-the-counter options, Modes and strategies were introduced.