[Plastic] Chemical Option "Three British Gathering" The Risk Management Tool for the Plastics Chemical Industry

On July 6, polypropylene, polyvinyl chloride and linear low-density polyethylene options were simultaneously listed on the Dalian Commodity Exchange (hereinafter referred to as "DCE").

Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said in his speech that speeding up the listing of options products is a concrete measure taken by the China Securities Regulatory Commission to thoroughly implement the requirements of the Party Central Committee and the State Council on accelerating the development of the capital market and serve the "six stability" and "six guarantees" work.

He pointed out that the experience this year has once again proved that the futures derivatives market is an indispensable and important part of my country's socialist market economic system.

In his speech, Vice Mayor Jin Guowei of Dalian pointed out that for some time, DCE has accelerated the innovation of petrochemical derivatives.

He said that since the beginning of this year, affected by many unfavorable factors, the price volatility of chemical raw materials and downstream products has intensified, and the stable operation of enterprises is facing severe challenges.

Fu Xiangsheng, vice chairman of China Petroleum and Chemical Industry Federation, and Zhang Peichao, deputy secretary general of China Chlor-Alkali Industry Association, sent video speeches.

In his speech at the listing event, Ran Hua, Secretary of the Party Committee and Chairman of the DCE, pointed out that the simultaneous listing of these three option products by DCE is at the right time and will definitely play a positive role in the steady operation of the plastics chemical industry.

He said that DCE will keep in mind General Secretary Xi Jinping’s ardent entrustment, under the care and guidance of the China Securities Regulatory Commission, and with the help of China Petrochemical Federation, China Chlor-Alkali Industry Association and other industry associations, in Liaoning Province and Dalian City.

It is understood that options, like futures, are important basic derivatives in mature international markets and play an irreplaceable role in helping industrial companies discover prices and mitigate risks.

The listing was carried out in the cloud listing method of "onsite + network", which attracted great attention from industrial enterprises and all parties in the market.

(Keyword: Plastic)