三个化工品月均价期货平稳上市

Core Viewpoint - The launch of monthly average price futures for LLDPE, PVC, and PP on October 28 has been smooth, with active participation from industry players, enhancing risk management tools in the sector [1] Group 1: Market Performance - On the first trading day, the monthly average price futures for LLDPE, PVC, and PP were listed with contracts for the months L2602, V2602, and PP2602, with benchmark prices based on the settlement prices of corresponding physical delivery futures on October 28 [1] - By the close on October 29, a total of 8,254 contracts were traded, amounting to 230 million yuan, with open interest at 2,468 contracts and 89.7% of the positions held by institutional clients, indicating strong industry participation [1] - The closing prices for the near-month contracts L2602F, V2602F, and PP2602F showed slight increases of 0.04%, 0.86%, and 0.10% respectively compared to the benchmark prices [1] Group 2: Industry Participation - Leading companies such as Jingbo Petrochemical, Zhongtai International Trade, and Mingri Holdings actively participated in the first day of trading [2][3] - Jingbo Petrochemical, with an annual capacity of 600,000 tons for polypropylene, utilized the PP2602F contract to lock in sales prices, aligning with their monthly sales and average settlement model [2] - Zhongtai International Trade used the V2602F contract for hedging long-term orders, enhancing price risk management in the PVC industry [3] Group 3: Future Outlook - The Dalian Commodity Exchange plans to continue optimizing rules and improving market quality to facilitate industry participation and enhance the influence of Chinese chemical prices [4] - The introduction of monthly average price futures is expected to provide more pricing references for companies in export pricing, aiding their integration into the global trade system [2]