Rapeseed oil and peanut options will be listed on Zhengshang Institute on August 26

Henan Daily client reporter Wang Yinan

On August 19, the China Securities Regulatory Commission announced the approval of the Zhengzhou Commodity Exchange (hereinafter referred to as "Zheng Shang Institute") from August 26, 2022 to carry out rapeseed oil and peanut options transactions. Market participants believe that listing rapeseed oil and peanut options can form a joint force with existing futures options, providing richer, fine and flexible risk management tools, which helps better serve the stable operation of enterprises and the high -quality development of the industry.

Oil and oil safety is an important part of national food security, and it is a major strategic issue related to my country's economic development and social stability. Peanuts are the most self -sufficient self -sufficient large oil crops in my country. Rapeseed oil is the second largest vegetable oil variety in my country and the second largest consumption and import volume. It is an important part of the oil oil sector. In 2022, the Central Document No. 1 clearly stated that it is necessary to increase the oil production capacity with multiple measures.

In order to serve the development of the oil and oil industry, since 2007, Zhengshang Institute has listed rapeseed oil, rapeseed meal, rapeseed, peanut futures and rapeseed meal options. After years of careful cultivation, the scale of rapeseed oil and peanut futures has continued to expand. At present, the spot market of the rapeseed oil period has achieved in -depth integration. More than 60%of the spot trade has been carried out by the basis of the basis, and the rapeseed oil futures legal person customer holds 71.5%, ranking among the top domestic futures varieties; peanut futures are listed 1 Since the years, the overall operation is smooth and the functions are well played. The participation of industrial enterprises has continued to improve. Most leading companies have used peanut futures to manage risk. At the same time It effectively guarantees farmers' income and promotes the continuity and stability of agricultural production.

The oil and oil sector has the characteristics of long industrial chain, many participation subjects, and high degree of marketization. In recent years, affected by factors such as repetitive and macroeconomic situations such as new crown pneumonia at home and abroad, and changes in macroeconomic situations, the fluctuations in spot prices of rapeseed oil and peanuts have increased, and the demand for personalized and risk aversion in industrial enterprises has become stronger.

Zhou Jisai, general manager of COFCO Oil Holding Co., Ltd., believes that in the context of the current fluctuation of the oil and oil market, relying on futures tools can not fully meet the needs of corporate risk management. The listing of options will provide more upstream and downstream enterprises in the industry chain. Rich trade pricing and setting tools to help spot companies manage market risks more reasonably and effectively, which is conducive to increasing the scale of spot companies.

It is reported that Zhengshang Institute has launched six options such as white sugar, cotton, PTA, methanol, rapeseed meal, and power coal, forming a relatively complete option contract rules system. The rapeseed oil and peanut options contracts released this time are consistent with the design ideas of the current period of the listing period of the Listing Institute, which is suitable for the same set of rules systems. Prior to this, Zheng Shang has extensively solicited market opinions through research, discussions, and public solicitations, and existing contracts have been widely recognized by all parties.

Specifically, the rapeseed oil and peanuts contract trading units are futures contracts of 1 handmark; the minimum changes are 0.5 yuan/ton; In the past month and the active month of more than 5,000 hands (unilateral); the exercise method is American style; the month of each target on the first day of the listing will be hung out of 19 options and 19 declines.

Market participants generally believe that options, as a non -linear risk management tool, can not only meet the market personalized risk management needs, but also can further enhance the toughness of the futures market through the linkage with the corresponding futures varieties, and promote the effective play of functions.

Master Bo, a master of oil and oil oil oil, told reporters that in recent years, the prosperity of the foundation of vegetable products has flourished, which is based on the innovative application of vegetable futures. With the successive listing of rapeseed oil and peanut options, it is expected that the development of rights trade will be promoted. Based on the lock -up base difference, it will provide premium opportunities, which can help downstream customers lock the highest procurement price, but also help upstream customers to lock in sales. The lowest price and the potential income brought about by the price increase or decline.

The relevant person in charge of Zheng Shang Institute said that in the next step, Zheng Shang Institute will do a good job of preparing for rapeseed oil and peanut options under the guidance of the China Securities Regulatory Commission. Ensure that rapeseed oil and peanut options are launched and operated steadily, and market cultivation activities are continuously carried out, typical cases of promoting and promoting, enriched corporate risk management strategies, and better serve the safety of fat oil.

- END -