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    Home > Chemicals Industry > China Chemical > Zhejiang Oil Center Expands "Futures Price Stabilization Order"

    Zhejiang Oil Center Expands "Futures Price Stabilization Order"

    • Last Update: 2022-09-25
    • Source: Internet
    • Author: User
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    A few days ago, Shanghai Futures Exchange and Zhejiang International Oil and Gas Trading Center Co.



    On June 16, Shandong Dongbo Petrochemical Co.


    In the pilot program of "Futures Price Stabilization Order", enterprises signed a production capacity pre-sale order in Zhejiang Oil Center, and purchased option products that meet their own risk management needs from the risk management subsidiary of the futures company through the Zhejiang Oil Center, and the risk management subsidiary of the futures company reused The futures market conducts hedging operations to reduce the price fluctuations in the purchase or sale of raw materials by enterprises, so as to achieve the effect of "stabilizing prices" in the production and operation of enterprises, and then contribute to "guaranteeing supply"


    Liu Yong, general manager of Shandong Boqi's current business planning center, said that in the environment of drastic commodity price fluctuations, "futures price stabilization orders" can help enterprises to manage risks and strongly support the resumption of work and production


    It is understood that in the next stage, Zhejiang Oil Center will gradually expand the business scale, enhance the influence of the industry, and promote the high-quality development of the integrated oil and gas trading market in the Yangtze River Delta period on the basis of summarizing the pilot experience


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