Futures elements run the industry's "14th Five-Year Plan" to resolve industrial chain risks and serve high-quality development

Resolve industrial chain risks and serve high-quality development

Resolve industrial chain risks, service high-quality development, resolve industrial chain risks, service high-quality development

　Global Coatings Network News: On April 7, the 2021 China Chemical Industry (Derivatives) Conference co-sponsored by Dalian Commodity Exchange and China Petroleum and Chemical Industry Federation was held in Hangzhou.

　Global Coatings Network News: On April 7, the 2021 China Chemical Industry (Derivatives) Conference co-sponsored by Dalian Commodity Exchange and China Petroleum and Chemical Industry Federation was held in Hangzhou.

Zhao Jungui, Vice President and Secretary-General of the Petrochemical Federation, pointed out that during the "14th Five-Year Plan" period, China's petroleum and chemical industries should strive to promote the modernization of the petrochemical industry system and market system, and accelerate the formation of a new situation for the high-quality development of the petrochemical industry.

"The modernization of the petrochemical industry system is not only the modernization of which sub-industry and which individual enterprise, but the modernization of the entire industry chain.

In response to the future petrochemical industry industry chain risk management and the promotion of high-quality development needs, Xi Zhiyong, deputy secretary of the party committee and general manager of DCE, stated that DCE will continue to improve the chemical derivative product system and focus on price discovery and hedging.

According to Xi Zhiyong, affected by the new crown pneumonia epidemic and many other factors, the global commodity and financial markets will fluctuate sharply in 2020, and the business risks of physical enterprises, including the petrochemical industry, will increase.

Xi Zhiyong said that during the "14th Five-Year Plan" period, DCE will combine new conditions and new problems in the development of the petrochemical industry, carefully build and polish a chemical derivative product system and provide higher quality services.

"We were faced with market price risks last year.

At the meeting, about 500 industry experts and business representatives gathered to discuss the trade model, risk management and development opportunities of my country's petrochemical industry, on the industrial operation situation, the impact of crude oil fluctuations and epidemic prevention and control on the chemical sector, and the combined application of the company’s futures and currents , Exchanges on the coordinated development of the on-exchange and off-exchange derivatives markets.