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Polypropylene First Futures Market Reacted Enthusiastically To Perfect Chain Services For Real Economy
< p style= "text-align: center" > < img border= "0" align= "center" alt= "" src= "" /uploadimages/201402/09/20140209095556_sj.JPG "/" < > > "
< p > New Year's first futures contract < a href= "http://sjfzxm.com/news/index_s.asp" > polypropylene < /a > (PP) futures received the approval of the SFC, the market responded enthusiastically, market participants said that the PP varieties listed on the market were conducive to the establishment of a scientific and reasonable market price formation mechanism, providing risk prevention tools for the spot enterprises, improving the synthetic resin packaging industry chain, and serving the real economy. < /p >
"P > < strong >" rich enterprise management channel < /strong > < /p >
< p > it is understood that China is the largest consumer market for polypropylene in the world. The apparent consumption in 2012 is 14 million 860 thousand tons. The demand for PP in China is expected to maintain a steady growth in, with an average annual growth rate of about 10%. < /p >
< p > at present, a href= "http://sjfzxm.com/news/index_s.asp" > PP < /a > regional spanactions are active, but lack of authoritative price guidance. According to the introduction, in order to enhance the pricing power of enterprises, as the most important polypropylene production enterprises in China, the relevant industry spot enterprises have set up a unified sales company, referring to the price of the electronic trading market, and based on the judgement of the change of supply and demand relationship, the regional price is unified, and other production enterprises also offer quotations in their respective subregions. Insiders pointed out that the prices formed by these electronic trading markets are only regional prices, lack of representativeness and predictability, and can not provide scientific guidance for producers and traders. < /p >
< p > Zhuo Chuang information polypropylene analyst Liu Jie said, "polypropylene" a href= "http://sjfzxm.com/news/index_s.asp" > futures < /a > Listing and the current spot market, spot and forward market together form a multi-level market system, enriching the business channel of enterprises. At the same time, the price of PP futures can reflect the market trend of supply and demand more accurately and accurately, and establish a scientific and reasonable mechanism for marketization price formation. In addition, in the open and free competition futures market, traders can get equal trading opportunities, avoid the price opaque resulting from the one to one trading in spot trading, straighten out the price relationship between domestic resins and imported resins, help to promote market competition, form an authoritative price at home and abroad, improve market efficiency, and guide the operation of related enterprises scientifically. < /p >
< p > < strong > sound synthetic resin series < /strong > < /p >
< p > market participants also believe that listing < a href= "http://sjfzxm.com/news/index_s.asp" > PP futures < /a > will help improve the chain of enterprise guarantee and improve the synthesis of a href= "http://sjfzxm.com/news/index_s.asp" > resin > /a > variety series. The characteristics of PP price fluctuation are not consistent with those of the listed futures. According to the statistics of China Plastics Processing Industry Association, there are 7300 plastic woven Enterprises above Designated Size in China. At present, these enterprises are unable to make full use of existing varieties. < /p >
Since P, self linear low density polyethylene (LLDPE) and polyvinyl chloride (PVC) futures have been listed, the demonstration role of the two varieties in industrial hedging has been highlighted. Since the outbreak of the financial crisis in 2008, the plastics industry has been greatly affected. Many enterprises have used LLDPE and PVC futures tools to hedge spanactions in the process of price decline, effectively avoiding some losses. Xiong Wei, Vice Minister of Purchasing Department of golden hair technology, said that although LLDPE, PVE and other varieties had been listed before, the consumption pattern of the company was mainly PP, while there was no direct means of hedging at home and abroad. The introduction of PP futures will help enterprises effectively lock operating costs and avoid operational risks. Future Ltd will actively study the risk of hedging management in the futures market. < /p >
< p > < strong > enhance the influence of international trade < /strong > /p >
< p > in addition, PP has the same raw materials as LLDPE and PVC upstream, similar to the market structure of intermediate trade, and is close to the downstream consumption area. Zhang Ruming, manager of R & D futures department, said that compared with a single variety, a complete variety system can form a benign interaction among varieties and build a complete industrial hedging system and price system. Many production, trade and consumer manufacturers often operate several kinds of resin at the same time, and urgently need a complete and closed synthetic resin hedging industrial chain to eliminate potential risks and promote stable development of the whole industry. < /p >
< p > it is understood that PP varieties are easy to standardize, the spot market is large, has a good market base, and has a high degree of marketization, so it is suitable for futures trading. After the listing of PP futures, we will further improve our petrochemical futures variety system and play an active role in the development of China's petrochemical industry. < /p >
< p > since 2005, LME, MCX and other international futures exchanges have launched LLDPE, PVC, PP and other generic synthetic a href= "http://sjfzxm.com/news/index_s.asp" resin futures "/a" varieties. However, due to the inactivity of spanactions, futures exchanges in various countries have stopped trading related varieties. Zhang Ruming said that as the world's largest producer and consumer of synthetic resins, the Chinese market has become the world's largest resin futures market, and its performance is unique. Listed PP futures can not only enhance the influence of China's Resin spot market in international trade, but also further consolidate the status of China's world's largest resin type futures market. < /p >
< p > New Year's first futures contract < a href= "http://sjfzxm.com/news/index_s.asp" > polypropylene < /a > (PP) futures received the approval of the SFC, the market responded enthusiastically, market participants said that the PP varieties listed on the market were conducive to the establishment of a scientific and reasonable market price formation mechanism, providing risk prevention tools for the spot enterprises, improving the synthetic resin packaging industry chain, and serving the real economy. < /p >
"P > < strong >" rich enterprise management channel < /strong > < /p >
< p > it is understood that China is the largest consumer market for polypropylene in the world. The apparent consumption in 2012 is 14 million 860 thousand tons. The demand for PP in China is expected to maintain a steady growth in, with an average annual growth rate of about 10%. < /p >
< p > at present, a href= "http://sjfzxm.com/news/index_s.asp" > PP < /a > regional spanactions are active, but lack of authoritative price guidance. According to the introduction, in order to enhance the pricing power of enterprises, as the most important polypropylene production enterprises in China, the relevant industry spot enterprises have set up a unified sales company, referring to the price of the electronic trading market, and based on the judgement of the change of supply and demand relationship, the regional price is unified, and other production enterprises also offer quotations in their respective subregions. Insiders pointed out that the prices formed by these electronic trading markets are only regional prices, lack of representativeness and predictability, and can not provide scientific guidance for producers and traders. < /p >
< p > Zhuo Chuang information polypropylene analyst Liu Jie said, "polypropylene" a href= "http://sjfzxm.com/news/index_s.asp" > futures < /a > Listing and the current spot market, spot and forward market together form a multi-level market system, enriching the business channel of enterprises. At the same time, the price of PP futures can reflect the market trend of supply and demand more accurately and accurately, and establish a scientific and reasonable mechanism for marketization price formation. In addition, in the open and free competition futures market, traders can get equal trading opportunities, avoid the price opaque resulting from the one to one trading in spot trading, straighten out the price relationship between domestic resins and imported resins, help to promote market competition, form an authoritative price at home and abroad, improve market efficiency, and guide the operation of related enterprises scientifically. < /p >
< p > < strong > sound synthetic resin series < /strong > < /p >
< p > market participants also believe that listing < a href= "http://sjfzxm.com/news/index_s.asp" > PP futures < /a > will help improve the chain of enterprise guarantee and improve the synthesis of a href= "http://sjfzxm.com/news/index_s.asp" > resin > /a > variety series. The characteristics of PP price fluctuation are not consistent with those of the listed futures. According to the statistics of China Plastics Processing Industry Association, there are 7300 plastic woven Enterprises above Designated Size in China. At present, these enterprises are unable to make full use of existing varieties. < /p >
Since P, self linear low density polyethylene (LLDPE) and polyvinyl chloride (PVC) futures have been listed, the demonstration role of the two varieties in industrial hedging has been highlighted. Since the outbreak of the financial crisis in 2008, the plastics industry has been greatly affected. Many enterprises have used LLDPE and PVC futures tools to hedge spanactions in the process of price decline, effectively avoiding some losses. Xiong Wei, Vice Minister of Purchasing Department of golden hair technology, said that although LLDPE, PVE and other varieties had been listed before, the consumption pattern of the company was mainly PP, while there was no direct means of hedging at home and abroad. The introduction of PP futures will help enterprises effectively lock operating costs and avoid operational risks. Future Ltd will actively study the risk of hedging management in the futures market. < /p >
< p > < strong > enhance the influence of international trade < /strong > /p >
< p > in addition, PP has the same raw materials as LLDPE and PVC upstream, similar to the market structure of intermediate trade, and is close to the downstream consumption area. Zhang Ruming, manager of R & D futures department, said that compared with a single variety, a complete variety system can form a benign interaction among varieties and build a complete industrial hedging system and price system. Many production, trade and consumer manufacturers often operate several kinds of resin at the same time, and urgently need a complete and closed synthetic resin hedging industrial chain to eliminate potential risks and promote stable development of the whole industry. < /p >
< p > it is understood that PP varieties are easy to standardize, the spot market is large, has a good market base, and has a high degree of marketization, so it is suitable for futures trading. After the listing of PP futures, we will further improve our petrochemical futures variety system and play an active role in the development of China's petrochemical industry. < /p >
< p > since 2005, LME, MCX and other international futures exchanges have launched LLDPE, PVC, PP and other generic synthetic a href= "http://sjfzxm.com/news/index_s.asp" resin futures "/a" varieties. However, due to the inactivity of spanactions, futures exchanges in various countries have stopped trading related varieties. Zhang Ruming said that as the world's largest producer and consumer of synthetic resins, the Chinese market has become the world's largest resin futures market, and its performance is unique. Listed PP futures can not only enhance the influence of China's Resin spot market in international trade, but also further consolidate the status of China's world's largest resin type futures market. < /p >
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