Rich futures tools to protect oil oil

Henan Daily client reporter Wang Yinan

Kaifeng Xiangfu District Runtai Agricultural Products Co., Ltd. is the main peanut enterprise in our province. After September last year, the new season peanuts entered the harvest period. At this time, due to the high raw material inventory of peanut processing enterprises and the reduction of export orders, market peanut prices are facing a greater risk of decline. But the company's general manager Chen Yubo was not in a hurry.

"At that time, we immediately used options tools to preserve the hedging operation on inventory peanuts to avoid losses caused by decline in prices and ensured the stability of production and operation." On June 28, Chen Yubo said with emotion.

In the opinion of Chu Guojun, the general manager of your product Co., Ltd., after the listing of peanut futures, the enterprise conducts risk management through the method of preservation and basal trade in the setting period, promoting the docking of the oil and oil industry and capital, and realizing the upgrading of risk management methods. , Avoid the price risk of enterprises in operation.

Data show that in 2021, the total import volume of plant edible oil in my country reached 10.392 million tons, a year -on -year increase of 65.8%. my country's oil oil is high in existence, and the domestic market and foreign markets have strong correlations, which has caused frequent fluctuations in the price of oil oil oil in my country and a large range, which has a great challenge to enterprise operations. Therefore, the supply and price stability of related varieties such as peanuts, rapeseeds are of great significance to ensure the safety of oil and oil supply in my country.

On February 1 last year, peanut futures were listed. Coupled with the previously listed vegetable oil, rapeseed, cauliflower futures, and vegetable meal options, at present, Zhengzhou Commodity Exchange has initially formed the oil oil sector that is coordinated by futures and options. In 2021, the average daily transactions and total positions of the above varieties reached 1.66 million hands and 940,000 hands respectively. Among them, the scale of the rational meal and vegetable oil futures market ranked second and fifth among the 12 domestic oil and oil varieties in China. Essence Zhengshang Institute's oil oil futures varieties are steadily operational, and the spot price is highly correlated, which contributes the futures power to the grain and oil market's guarantee stable price. At the same time, after continuous market cultivation, vegetable oil and cauliflower futures have become a must -have tool for industrial enterprises. The functions of peanut futures and rapeseed options have gradually been played.

"At present, leading enterprises represented by COFCO Group, Yijiali, Australia and Grain and Oil, etc. have deeply participated in relevant variety futures transactions. More than 60%of the vegetable oil trade in the vegetable industry and more than 80%of the cauliflower meal trade are adopted. Kidae trading model. "Sun Yafeng, director of grain and oil sales of Australia and California. The use of futures tools for vegetable industry enterprises for risk management has become a conventional operation, and the effect of maintaining the price of stability has continued to appear.

"In the next step, Zhengshang Institute will make a good job of market cultivation based on the characteristics of the variety, and continuously enrich the futures market to serve the oil oil security 'security' toolbox 'to ensure the safety of oil and oil and help the high -quality development of related industries." Zhengshang Institute is responsible for responsibility People say.

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