Group 1 - The Zhengzhou Commodity Exchange is seeking public opinion on the futures and options contracts for propylene, indicating the addition of a new member to the chemical futures family [1] - Propylene is the largest olefin product in China and serves as a crucial basic chemical, linking various upstream raw materials and widely used in downstream industries such as home appliances, automotive, textiles, medical devices, and cosmetics [3] - The propylene industry faces structural overcapacity and is undergoing a transformation towards high-end and green development, leading to a strong demand for risk management tools [3] Group 2 - The introduction of propylene futures and options is expected to provide pricing and risk management tools for upstream and downstream enterprises, facilitating better hedging in the industry chain [3] - The active trade, convenient storage, and broad demand for propylene will enhance market liquidity and meet the needs of different market participants [3] - Futures companies can offer customized services such as hedging strategies and risk management training to support the propylene industry’s high-quality development [4] Group 3 - Propylene futures can help companies mitigate risks associated with adverse price fluctuations and allow them to lock in processing profits during favorable market conditions [4] - The listing of propylene futures will help shift the reliance on foreign pricing information, increasing the basis for RMB pricing and enhancing companies' bargaining power in international trade [4]