三个化工品月均价期货将于本月底上市

Core Points - The Dalian Commodity Exchange has officially announced the launch of monthly average price futures for LLDPE, PVC, and PP, starting from October 28 [1] - This launch fills a gap in domestic average price risk management tools and introduces an innovative cash settlement mechanism, facilitating long-cycle trade in the chemical industry [1] - The trading unit for these futures is set at 5 tons per contract, with a minimum price fluctuation of 1 yuan per ton, aligning with existing physical delivery futures contracts [1] Industry Impact - The introduction of monthly average price futures will enrich enterprises' pricing strategies in spot trading, providing a fair average price signal and enabling more diverse risk-hedging strategies [3] - With ongoing capacity releases, the plastic industry is actively exploring export channels, and the launch of these futures offers valuable pricing references, enhancing China's influence in international plastic pricing [3] - The Dalian Commodity Exchange emphasizes that the launch of these futures is a significant step in aligning the futures market with industry demands and innovating service models, aiming to create a more comprehensive chemical derivatives ecosystem [3] Risk Management and Operational Details - The risk control system for the monthly average price futures maintains consistency with existing physical delivery futures in terms of margin ratios and price limits, while imposing stricter position limits [2] - The settlement price mechanism employs a phased calculation model to ensure price fairness and mitigate market manipulation risks [2] - The exchange has conducted extensive preparatory work, including market cultivation activities and system testing, to ensure a smooth launch and stable operation of the new futures [2]