On July 28, the world's first synthetic rubber futures and options were officially listed on the Shanghai Futures Exchange. PetroChina's "Kunlun brand" butadiene rubber products became the first batch of certification targets for synthetic rubber futures. International Business Co., Ltd. and its subsidiary Huadong PetroChina International Business Co., Ltd. became the first enterprises in the synthetic rubber industry chain to participate in the call auction and conclude a deal.
Since PetroChina produced my country's first butadiene rubber product in 1965, it has nearly 60 years of synthetic rubber production history. At present, PetroChina's annual production capacity of butadiene rubber reaches 395,000 tons.
The listing of synthetic rubber futures and options will help improve the market-oriented pricing mechanism, and help the transformation and upgrading of the rubber and tire industry with market-oriented means; fill the gap in the pricing of international synthetic rubber and even butadiene industry chains, and enhance my country's international trade bargaining power , Improving the influence of "China Price" is of great significance to improving the risk management capabilities of industrial chain enterprises and promoting the high-quality development of the synthetic rubber industry.
In recent years, the variety of energy and chemical futures and options has gradually increased, the trading volume has increased year by year, the integration of futures and cash has been continuously strengthened, and the price discovery function of the futures market has been significantly improved. Synthetic rubber futures and options will form a joint force with listed futures and options such as crude oil, fuel oil, petroleum asphalt, and natural rubber to provide the market with more abundant risk management tools, thereby enhancing the risk management capabilities of real enterprises. (Reporter Chu Haihong)
微信扫一扫打赏
