中国证监会发布通知 郑商所丙烯期货期权注册获批

Core Viewpoint - The approval of propylene futures and options by the China Securities Regulatory Commission marks a significant development in the domestic futures market, enhancing risk management tools for the propylene industry chain and improving price influence in international markets [1][2]. Group 1: Industry Overview - Propylene is a crucial basic chemical product with upstream raw materials including crude oil, naphtha, coal, methanol, and propane, and downstream products such as polypropylene, epoxy propane, and acrylonitrile [1]. - China is the world's largest producer and consumer of propylene, with a projected apparent consumption of 55.36 million tons and a market size of approximately 384.5 billion yuan in 2024 [1]. Group 2: Market Implications - The listing of propylene futures and options is expected to provide robust inventory hedging tools and processing range hedging tools for upstream and downstream enterprises in the propylene industry chain, facilitating resource optimization [2]. - The introduction of these financial instruments will meet the diverse and personalized risk management needs of enterprises, allowing them to choose from various options contracts with different strike prices and expiration months [2]. Group 3: Future Developments - The Zhengzhou Commodity Exchange will ensure thorough preparations for the smooth launch of propylene futures and options under the guidance of the China Securities Regulatory Commission [2].