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Chemical Sales East China opens up the first physical delivery process of resin products futures

 Last Update: 2021-10-20
 Source: Internet
 Author: User

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Chemical Sales East China is actively exploring financial derivatives business and is brave to innovate.
In September, the synthetic resin product futures delivery process was successfully opened up.
This is the first time that Sinopec has achieved futures delivery in the synthetic resin field
.

At the end of July, Chemical Sales East China passed market research and judgment and found that the polypropylene and polyethylene 2109 contracts were suitable for futures delivery business
.

Chemical Sales East China communicated with Dalian Commodity Exchange and futures companies as soon as possible to learn delivery rules

Futures operations have a high degree of uncertainty.

Customers, suppliers, and warehouses are randomly matched.
The cash flow of receipts and payments of customers and suppliers does not go through the company's account, and the invoicing needs to meet the individual requirements of both companies

After more than two months of hard work, on September 29, the two delivery plans for the sale of polypropylene and the purchase of polyethylene were completed
.

Chemical Marketing East China sorted out the problems encountered in the process in a timely manner, formed an operation manual, solidified the business process, and laid the foundation for the futures delivery business

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