Zhengzhou Commercial Exchange’s 2021 “Industrial Base” review meeting was successfully held
On December 22, Zhengzhou Commercial Office held the 2021 “Industrial Base” review meeting in Zhengzhou, with representatives from cotton, PTA, methanol, apple, cuisine, etc. Representatives of 38 “industrial bases” in the industry shared their participation in the futures market, the experience and results of market cultivation activities, and next year’s work plan. At the same time, based on industrial development, they also put forward suggestions for the construction of “industrial bases” Valuable advice.
The reporter learned at the review meeting that the construction of the “Industrial Base” of Zhengzhou Commercial Institute was launched in 2019 and has been for three years now. It is one of the important starting points for Zhengzhou Commercial Institute to serve the real economy. The 38 companies participating in this evaluation are all industry leaders and play an active role in promoting upstream and downstream companies to correctly understand, participate in the futures market, manage operating risks, and maintain supply chain stability.
The relevant person in charge of Zhengzhou Commodity Exchange said at the review meeting that currently, industrial enterprises are actively using futures and derivatives to manage production and operation risks and achieve stable operations. There are also many enterprises that combine futures and cash with industry and finance. ” means as a normalized business model, which is inseparable from the demonstration effect of the “industrial base” and the role of “passing, helping, leading and connecting”.
The relevant person in charge of Hao Miss You Health Food Co., Ltd. (referred to as Hao Miss You) said at the meeting that in the past three years since the listing of red date futures, the breadth and depth of Hao Miss You’s participation have continued to increase, and futures tools have become a stable operation of the company. “magic weapon”. At the same time, I Miss You gives full play to its leading role, and cooperates with small and medium-sized enterprises such as Cangzhou Chenyu Trading and Cangzhou Yishuyuan to carry out businesses including warehouse receipt transactions, warehousing financing, cooperative hedging, etc., driving dozens of companies to correctly understand and rationally Participate in red date futures.
“In the 17 years since the listing of cotton futures, its price discovery and hedging functions have been performed stably, providing an effective reference for government departments to formulate cotton industry policies and corporate operations, and playing a positive role in deepening the reform of the cotton circulation system.” Xinjiang The relevant person in charge of Guannong Guoantong Co., Ltd. (Guannong for short) stated that Xinjiang Yintong Cotton Co., Ltd. and Xinjiang Guannong Tianfeng Products Co., Ltd., both affiliated to Guannong, have actively participated in cotton futures in recent years. Combined with the business model, we carry out basis trading, financing, price trading, hedging, delivery and other businesses.
The person in charge said that Guannong Co., Ltd. attaches great importance to the construction of cotton “industrial base” and actively carries out market cultivation activities continuously and systematically by organizing futures business training, roundtable forums, industrial research and other measures.
A representative of Shaanxi Huasheng Enterprise (Group) Co., Ltd. (Shaanxi Huasheng for short) said that after years of development, the role of Apple futures in helping spot companies resist operating risks has become apparent. “Due to the characteristics of seasonal production and annual sales of apples and the instability of weather and other factors, the company’s operations face great uncertain risks. The company realizes that only by making full use of futures tools can it better achieve stable operations. In 2021, the company carried out It combines futures and cash business with hedging as the main component and arbitrage as the supplement. At the same time, it actively cooperates with Zhengzhou Commodity Exchange to organize Apple’s ‘Industrial Base’ conference training, research and other activities, and participates in the futures market more deeply and comprehensively.”
It is understood that this year, Shaanxi Huasheng held the third Shaanxi Apple Futures Lecture Hall of “Stabilizing Enterprises, Ensuring Agriculture and Escorting Entities”, which improved Shaanxi fruit companies’ understanding of the futures market and eliminated the concerns of spot companies participating in the futures market. It makes it possible for more Shaanxi companies to use futures tools to avoid risks, laying a solid foundation for the further promotion of Apple futures among Shaanxi companies.
Zhejiang Hengyi International Trade Co., Ltd. (referred to as Hengyi International Trade) is the main platform for Hengyi Petrochemical to participate in futures hedging. A representative of Hengyi International Trade said that as an “industrial base” for PTA and short fiber, Hengyi International Trade has actively organized various activities this year such as “Stabilizing Enterprises and Ensuring Agriculture and Escorting Entities”, “Guaranteeing Supply and Stable Prices for Futures Services for Small and Medium-sized Enterprises”, and online roundtable forums. We also participate in industry forums and market research on chemical fiber, polyester, etc., actively popularize futures market knowledge to the upstream and downstream of the industry chain, promote futures tools, and help industrial enterprises use market-based means to manage production and operation risks. At the same time, Hengyi International Trade continues to explore the business model of combining futures and cash, reducing raw material costs through hedging, using futures to build virtual factories to lock in production profits, and comprehensively using PTA options and futures portfolio strategies to increase profits, while enriching its own production and operation strategies. , expanding the application scenarios of futures prices and increasing the influence of futures prices.
The reporter also learned at the meeting that urea, Cuisine and other companies use hedging and other methods to hedge the risk of price declines or increases during commercial reserves and reserve rotation, and servebulk commoditiesGuaranteed supply and stable price; “Industrial base” companies such as PTA, cotton, and sugar are more mature in using options, and options-containing trade and other models are increasingly widely used in corporate operations; “Industrial base” companies are promoting Zhengzhou Business The integrated business platform has also achieved good results in the basis linkage price point function and other processes.
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