巧用期货期权工具 为棉花贸易披上“护甲”

Core Insights - The article highlights how Tongzhou International Trade Group has effectively utilized financial tools to stabilize operations amidst commodity market volatility, serving as a model for financial empowerment in the cotton industry [1][2]. Group 1: Company Strategies - Tongzhou Group has implemented innovative models such as "right-trade" to enhance risk management capabilities for nearly 400 industry chain enterprises [1][2]. - The company has achieved a trading volume of over 200,000 tons in basis trade and nearly 80,000 tons in options operations from January to November 2024, demonstrating robust operational performance [2]. - The "right-trade" model has become a focal point for many industry clients, showcasing its effectiveness in real trade scenarios [2][3]. Group 2: Case Studies - In a case study, a cotton processing factory signed a basis purchase agreement for 1,000 tons, incorporating a call option with an execution price of 16,000 yuan/ton, which allowed the client to secure profits while managing price risks [3][4]. - Another case involved a yarn factory that utilized a put option with a strike price of 15,200 yuan/ton, effectively locking in procurement costs and avoiding a potential loss of 740,000 yuan when prices fell [4]. Group 3: Industry Impact - Tongzhou Group has taken the initiative to share its successful experiences and models with over 10 textile enterprises in Henan province, aiming to enhance the risk resilience of the entire industry chain [5]. - The company actively promotes the use of cotton futures and options tools across various regions, including Xinjiang and Guangdong, to educate industry partners on risk management [5]. - Moving forward, Tongzhou Group plans to deepen its application of futures and options tools while continuing to innovate its business models to better serve clients in the industry chain [5].