Qi Huo Ri Bao Wang·2025-06-09 16:14Core Viewpoint - The launch of casting aluminum alloy futures on the Shanghai Futures Exchange marks a significant development in the industry, providing a tool for companies to hedge costs and manage risks associated with aluminum procurement and production [1][3]. Group 1: Industry Overview - The casting aluminum alloy industry chain includes scrap aluminum, casting aluminum alloys, die-cast parts, and end-use applications, with the transportation sector, particularly automotive, being the largest consumer [1]. - The carbon emissions from producing casting aluminum alloys are significantly lower, achieving only 2% of the emissions compared to the electrolytic aluminum production process, while also conserving resources such as 3.4 tons of standard coal and 22 tons of water per ton produced [1]. Group 2: Regional Significance - Chongqing plays a crucial role in the casting aluminum alloy industry due to its concentration of high-end manufacturing, particularly in the electric vehicle sector, with local automakers like Changan and Seres having substantial aluminum needs [2]. - The annual aluminum alloy demand in Chongqing has surpassed 340,000 tons, supported by the presence of large-scale casting manufacturers with an annual production capacity exceeding 700,000 tons [2]. - The region's logistics infrastructure, including warehouses like Guoyuan Port, meets the storage capacity requirements for the futures market, facilitating regional delivery and circulation [2]. Group 3: Market Development Initiatives - The Chongqing municipal government has actively supported the development of the futures market, encouraging local companies to engage with futures trading and enhancing their risk management capabilities [3]. - CITIC Futures, a national futures brokerage based in Chongqing, aims to provide comprehensive financial services to local businesses, including customized reports, risk management training, and one-stop delivery services [4]. - The company plans to leverage its expertise to enhance the competitiveness of Chongqing's casting aluminum alloy industry and contribute to the sustainable development of the regional economy [4].