Core Insights - The article discusses the initiatives taken by the Guangxi Futures Exchange (广期所) to promote green finance through futures and options in the renewable energy sector, highlighting the launch of various products and their market performance [1][3]. Group 1: Product Development and Market Performance - Guangxi Futures Exchange has launched futures and options for industrial silicon, lithium carbonate, and polysilicon, establishing a preliminary framework for a renewable metal futures market [1]. - The main contract for polysilicon futures (PS2508) increased by 4.55% to 33,535 yuan/ton on June 30 [1]. - Daily trading volume for industrial silicon futures and options averages 318,600 contracts, with a cumulative transaction value exceeding 8.5 trillion yuan, indicating significant participation from industrial clients [3]. - Lithium carbonate futures and options have a daily trading volume of 337,000 contracts, with a cumulative transaction value surpassing 11.5 trillion yuan, showing a dominant presence of institutional clients [3]. - Polysilicon futures, launched at the end of 2024, have shown strong activity with an average daily trading volume of 133,100 contracts [3]. Group 2: Industry Support and Initiatives - The "Green Towards New" industry service plan launched in September 2024 has established 12 pilot industry bases, aimed at supporting the green transition [3]. - Guangxi Futures Exchange has implemented measures such as optimizing futures contract rules and tax reductions, resulting in over 120 million yuan in fee reductions for industrial clients by May 2025 [3]. - The exchange aims to enhance its product offerings by accelerating the development of new products like platinum, palladium, and lithium hydroxide [3]. Group 3: Risk Management and Market Dynamics - The introduction of industrial silicon and polysilicon futures has provided liquidity to the market, smoothing volatility and offering various hedging tools for upstream companies [5]. - The listing of lithium carbonate futures has significantly altered pricing and trading models in the lithium battery industry, with traders now commonly referencing futures prices for transactions [5]. - The industry is increasingly adopting a "futures price + basis" pricing model, moving away from traditional absolute price trading [5].
加快研发铂、钯等品种,广期所多晶硅主力合约涨超4%
Sou Hu Cai Jing·2025-06-30 14:16