光控资本：境内首批月均价期货即将上市

Core Insights - The China Securities Regulatory Commission has approved the registration of monthly average price futures for linear low-density polyethylene, polyvinyl chloride, and polypropylene at the Dalian Commodity Exchange, marking the first cash-settled futures in this category in the domestic commodity futures market [1][3] Group 1 - The newly launched monthly average price futures will be based on the arithmetic average of the settlement prices of the corresponding futures contracts, providing a cash settlement mechanism for expiring open contracts [3] - The introduction of these futures is expected to enhance market dynamics and innovation potential, offering more diversified and precise pricing information and risk management tools [3] - The three chemical products are central to the plastics and chemicals sector, with their market fluctuations closely tied to macroeconomic conditions, supply-demand dynamics, and policy directions [3] Group 2 - The monthly average price futures will improve the accuracy of hedging strategies for spot manufacturers, thereby enhancing their risk management capabilities and operational stability [3] - The Dalian Commodity Exchange aims to enrich the product structure of China's futures market and expand the supply of derivatives through these new contracts [3]