With the approval and registration of the China Securities Regulatory Commission, the ethylene glycol and styrene options will be listed on the Dalian Commodity Exchange at 9:00 am on May 15. It is reported that the first batch of listed contracts for ethylene glycol options is 400, and the first batch of listed contracts for styrene options is 362.
Judging from the market operation in the morning, the two options of ethylene glycol and styrene operated smoothly, in line with expectations. Ethylene glycol and styrene are important chemical intermediates. These two chemicals are connected to petroleum and coal, and connected to rubber, plastic and chemical fibers. They are closely related to household appliances, automobiles, papermaking, and clothing in the daily life of ordinary people. my country is the world's largest consumer and importer of ethylene glycol, as well as the largest consumer and supplier of styrene. In 2018 and 2019, ethylene glycol and styrene futures were successively listed on the Dalian Commodity Exchange. After years of development, the functions of the two types of futures have been fully utilized, and their market influence has continued to expand.
Hu Gangxu, Director of Futures Derivatives Department of Dalian Commodity Exchange: The listing of ethylene glycol and styrene options can form a joint force with related futures, optimize the relevant spot trade model, promote the application of options and futures in spot trade, and meet the The industry needs refined risk management to serve the high-quality development of the chemical industry.
At present, Dalian Commodity Exchange has listed 21 futures varieties, with a total of 13 options varieties, and more than 60% of options instruments have been allocated. Tools to manage the risk of uncertainty. In 2022, the options trading volume and average daily open interest of Dalian Commodity Exchange will be 180 million lots and 1.73 million lots respectively, a year-on-year increase of 75% and 31%.
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