随着国内上市期权品种持续丰富、专业投资者与产业企业参与热情不断提升，期权市场在发展质量与交 易规模上实现双突破，为产业企业精细化管理风险提供了有力支撑。作为国内期货市场的标杆赛事，第 十九届全国期货（期权）实盘交易大赛增设"郑商所期权专项奖"，进一步促进期权市场发展。 期货日报记者发现，纯碱期权是今年的明星品种。数据显示，此次大赛中，纯碱期权成交量为1369.43 万手，成交额达37.41亿元，市场参与热情较高。 对此，东证润和资本管理有限公司场外衍生品业务部团队负责人赵万隆表示，纯碱期权交易量的显著增 长，标志着其已深度融入玻璃产业风险管理体系。这既受益于行业供需格局重构的影响，也得益于市场 产能结构调整进程的加快。 "近年来，纯碱行业面临价格波动加剧与高库存并存的压力，企业对风险管理的需求日益精细化，推动 纯碱期权交易规模显著提升。"赵万隆表示，期权工具不仅丰富了企业的套保手段，可独立运用于风险 管理，还能与期货工具结合构建混合策略，或嵌入现货贸易形成含权贸易模式，推动交易结构创新。 据了解，当前纯碱期权参与者以上游生产企业、贸易商和下游玻璃企业为主，产业企业参与度近年来显 著提升。究其原因，赵万隆认为， ...

Group 1 - The 2025 China (Zhengzhou) International Futures Forum focused on risk management for industrial enterprises and the high-quality development of China's futures and derivatives market [1] - As of July 2025, 1,114 listed companies in the market have engaged in futures and derivatives business, with over 80% (902 companies) involved in foreign exchange hedging and about one-third (364 companies) in commodity futures hedging [1] - The manufacturing sector is the main force in hedging activities, covering industries such as chemicals and agricultural products, facilitating industrial upgrades and overseas expansion [1] Group 2 - Derivatives have become an essential tool in enterprise risk management, and companies are encouraged to establish professional risk management teams to enhance their application capabilities [2] - As of July 2025, the total capital in the futures market reached approximately 1.82 trillion yuan, an increase of 11.6% from the end of 2024 [2] - The number of listed companies announcing hedging activities increased significantly, with 1,383 companies reporting hedging announcements in the first seven months of 2025, a year-on-year growth of 15.7% [2]