产业参与有序 功能稳步发挥

Core Viewpoint - The options for eggs, corn starch, and live pigs have been successfully listed for one year, demonstrating stable operation and orderly participation from the industry, providing effective risk management tools for enterprises [1][7]. Group 1: Market Performance - As of August 22, 2025, the egg options had an average daily trading volume of 46,000 contracts, with a daily trading value of 13.21 million yuan, accounting for 18.8% of the underlying futures trading volume [1]. - Corn starch options had an average daily trading volume of 15,000 contracts and a daily trading value of 347,400 yuan, representing 10.5% of the underlying futures trading volume [1]. - Live pig options recorded an average daily trading volume of 8,000 contracts and a daily trading value of 1.6019 million yuan, making up 13.7% of the underlying futures trading volume [1]. Group 2: Industry Adoption - Companies are increasingly utilizing options to lock in profits, reduce costs, and enhance returns, building on their previous use of futures [2]. - Sichuan Green Science Poultry Industry Co., Ltd. has adopted a strategy of selling call options to secure fixed income amid declining egg prices, which have fallen below feed costs [3]. - Zhu Cheng Xingmao Corn Development Co., Ltd. employs various hedging strategies using corn starch options to manage costs and risks associated with their production and sales [4]. Group 3: Strategic Insights - The use of options has become a necessary tool for enterprises facing market uncertainties, allowing them to maintain operational stability and profitability [6]. - Recommendations for companies new to options include starting with small volumes and simple strategies, aligning operations with production plans, and avoiding speculative practices [6]. - The exchange plans to optimize option contract rules and enhance training to improve industry participation and support stable operations [7].