创新期现结合模式助力铝产业链稳定发展

Core Viewpoint - The successful registration and delivery of "Jiantao" brand casting aluminum alloy as one of the first standard warehouse receipts by Fangdun Material (Chongqing) Co., Ltd. marks a significant step in the practical application of aluminum alloy as a futures delivery commodity, enhancing the risk management system of the aluminum industry [1][4]. Group 1: Company Developments - Fangdun Material has been deeply involved in the aluminum industry chain since starting electrolytic aluminum trading in 2019, and has expanded its operations to include the entire aluminum industry chain, including casting aluminum alloy [2]. - The company completed its first alumina delivery in 2023 and has actively engaged in industry research and exchanges to support the successful registration and delivery of casting aluminum alloy [2]. Group 2: Product and Market Opportunities - Casting aluminum alloy, primarily made from recycled aluminum, is characterized by low density, high strength, and excellent corrosion resistance, making it a key material for manufacturing core components in automotive engines and transmissions [3]. - The Shanghai Futures Exchange plans to officially list this product for trading in June 2025, providing a transparent price discovery and risk management tool for the market [3]. - Fangdun Material is leveraging this new tool to conduct basis trading of casting aluminum alloy in the Chongqing region, which helps upstream companies secure sales profits and allows downstream companies to reduce procurement costs [3]. Group 3: Future Outlook - The successful registration and delivery of the first batch of casting aluminum alloy standard warehouse receipts have provided valuable experience for large-scale deliveries in the future [4]. - As the linkage between futures and spot prices strengthens, casting aluminum alloy manufacturers and die-casting production companies will gain more effective risk management tools, contributing to the long-term stability of the industry [4]. - Fangdun Material aims to continue expanding its services to the real economy through diversified business models such as basis trading and rights-inclusive trading, supporting the high-quality development of China's aluminum industry [4].