“塑料大王”的“防抖秘籍”——期货工具助力道恩集团稳住生意盘

Core Viewpoint - Daon Group has established itself as a leading enterprise in the new materials sector in China, particularly in rubber, plastics, and chemical new materials, with a sales revenue of approximately 47.9 billion yuan in 2024 and a brand value exceeding 16 billion yuan [1] Group 1: Company Overview - Daon Group was founded in 1991 and is located in Longkou Economic Development Zone, Yantai City, Shandong Province [1] - The company has become a key player in the plastic industry, with its production and sales being a high-growth business segment [1] Group 2: Risk Management Strategies - The company has developed practical strategies to address price volatility in raw materials, including "cost locking," "pricing gauge," and "inventory slimming" [3] - "Cost locking" involves using futures contracts to hedge against price fluctuations in raw materials or products [3] - "Pricing gauge" allows the company to set reasonable procurement and sales prices based on futures market trends [3] - "Inventory slimming" helps manage stock levels and reduce capital occupation through various methods, including pre-sale pricing and futures hedging [3] Group 3: Response to Market Conditions - Daon Chemical, a subsidiary, has been responsible for the company's futures operations, managing risks associated with fluctuating raw material prices [2] - The company faced challenges in determining reasonable inventory levels due to the volatility of commodity prices, which can impact production costs and profit margins [2] Group 4: Case Study During the Pandemic - In 2020, Daon Group played a significant role in the supply chain for medical mask materials, particularly PP, during the pandemic [4] - The company implemented a pricing model that balanced the interests of upstream and downstream partners, ensuring stable supply and pricing [4][5] Group 5: Futures Market Participation - Daon Chemical has actively engaged in the futures market, providing risk management solutions to its partners through options trading [6][7] - In October 2021, the company executed multiple options trades to stabilize prices for upstream and downstream partners, enhancing their competitive positions [7][8] - The company has established a stable pricing model based on futures prices, integrating futures tools into its operational framework to mitigate price volatility risks [8]