生意社01月04日讯 1月4日中石化华南公司二甲苯月初挂牌价格上调100-150元/吨：广州石化异构执行5800元/吨，茂名石化 异构执行5800元/吨，中科炼化异构执行5800元/吨。 PriceSeek评析 混二甲苯，多空评分：1.5 文章报道中石化华南公司上调二甲苯挂牌价格100-150元/吨至5800元/吨，表明现货市场供应紧张和需求 强劲，利好现货价格。结合相关PX期货(对二甲苯)数据，如合约2609结算价7190元/吨，该消息可能提 振期货市场多头情绪，推动价格上行趋势。 2、指定周期的平均结算价 【大宗商品公式定价原理】生意社基准价是基于价格大数据与生意社价格模型产生的交易指导价，又称 生意社价格。可用于确定以下两种需求的交易结算价： 1、指定日期的结算价 定价公式：结算价=生意社基准价×K＋C K：调整系数，包括账期成本等因素。 文章报道中石化华南公司上调二甲苯挂牌价格100-150元/吨至5800元/吨，表明现货市场供应紧张和需求 强劲，利好现货价格。结合相关PX期货(对二甲苯)数据，如合约2609结算价7190元/吨，该消息可能提 振期货市场多头情绪，推动价格上行趋势。 【大宗商品公式定价 ...

作为享有"商贸普陀"美誉的上海传统大宗商品贸易重镇，经过三十余年发展，普陀区已形成"总量领先、有色引领"的大宗 贸易格局，打造了上海市唯一一个以有色金属为引领的生产性互联网服务平台集聚区。按照"提升重要大宗商品的价格影响 力，更好服务和引领实体经济发展"的要求，普陀区政策与服务双轮驱动，优化营商环境，不断推动大宗贸易产业转型与创 新发展，助力"上海价格"影响力进一步走向全球。 20世纪90年代，改革开放浪潮初起，在计划经济向市场经济转型的过程中，生产资料流通领域迎来了前所未有的发展机 遇。1992年，全国首家国家级期货市场上海金属交易所在物贸大厦诞生。在上海市普陀区中山北路2550号，这栋30层高的 青灰色大楼并不起眼，却承载着中国有色金属贸易的半壁江山。 上海金属交易所就是现在上海期货交易所的前身。彼时，纸单交易是主流模式，交易所的落户吸引了大批金属交易企业集 聚，使中山北路这条"生产资料一条街"迅速成为上海商贸繁荣的标志性符号，物贸大厦的商房出租率一度达到100%，产业 集群的雏形就此形成。位于普陀区的中山北路物贸一条街，成为上海商贸繁荣的标志性符号。 虽然后来上海期货交易所搬到了浦东，但现货交易的根基留 ...

Core Viewpoint - Shanghai Guomao Holdings Co., Ltd. has been established with a registered capital of 13 billion RMB, aiming to enhance Shanghai's influence in the domestic and international bulk commodity trade sector [3][5]. Group 1: Company Overview - Shanghai Guomao has a registered capital of 13 billion RMB, with major shareholders including Shanghai International Group (3 billion RMB, 23.08% stake) and Shanghai Port Group (2 billion RMB, 15.38% stake) [3][4]. - The company covers over 20 business areas, including trade brokerage, domestic trade agency, and import-export activities, focusing on commodities such as metal ores, gas, agricultural products, and chemical products [3][4]. Group 2: Strategic Intent - The establishment of Shanghai Guomao is part of Shanghai's strategy to create a competitive local platform for pricing in the global bulk commodity market, especially amid increasing price volatility due to geopolitical factors [6][8]. - The company aims to integrate resources across various sectors, transitioning from decentralized operations to a more collaborative and efficient model in the trade industry [7][8]. Group 3: Leadership and Expertise - The chairman, Zheng Yuanhu, has extensive experience in industrial operations and capital management, while the president, Luo Dongyuan, brings nearly 30 years of expertise in bonds, fixed income, and bulk commodities [4][5]. - This combination of trade background and financial capability positions Shanghai Guomao to effectively manage risks and enhance its service offerings in the bulk commodity trade [5][6]. Group 4: Future Goals - By 2027, Shanghai aims to exceed a bulk commodity trade scale of 10 trillion RMB, with a focus on establishing "Shanghai prices" as a benchmark in the global market [6][7]. - Shanghai Guomao is expected to play a crucial role in achieving this goal by promoting standardization and digitalization in bulk commodity trade [6][8].

Core Viewpoint - The 2025 China (Zhengzhou) International Futures Forum highlighted the role of the futures market in supporting the internationalization of the polyester industry, emphasizing the positive impact of government policies on market openness and participation from global clients [1][2]. Group 1: Policy and Market Development - The Central Committee of the Communist Party and the State Council issued a policy in April 2025 to enhance the strategic implementation of free trade zones, focusing on the opening of specific futures varieties and exploring diversified pathways for internationalization [1]. - As of July 2025, over 760 overseas clients from more than 30 countries and regions have opened accounts in the Chinese futures market, indicating strong trust from global industry players [1]. Group 2: Industry Impact and Future Outlook - The use of Chinese polyester futures and options tools has effectively optimized storage and logistics costs for exports, enhancing the global market share and international pricing power of Chinese polyester products [1]. - Looking ahead, the integration of China's petrochemical industry is expected to further enhance the pricing capabilities of bulk commodities, supporting the global development of Chinese enterprises [2].

Core Viewpoint - The continuous promotion of the opening of the futures market is crucial for enhancing the pricing influence of bulk commodities and supporting the high-quality development of the real economy [1][2]. Group 1: Impact of Opening Futures Market - The opening of the futures market is essential for forming a "China price" that reflects supply and demand in the Asia-Pacific market, thereby enhancing China's global pricing influence in key bulk commodity markets [1][2]. - China's commodity futures market accounts for over 60% of the global total trading volume, indicating its leading position in the world [2]. - The opening of the futures market provides effective risk management tools for domestic and foreign enterprises, facilitating cross-border trade with fair pricing benchmarks [2][3]. Group 2: Internationalization Progress - Since the launch of the first open futures product, crude oil futures, in 2018, a diverse product system covering energy, metals, agricultural products, and shipping has been established, with 24 specific products available as of July 2025 [3]. - The removal of foreign ownership limits for futures companies has created a transparent and stable policy environment, allowing foreign institutions to achieve 100% ownership [3]. - As of June 2025, Chinese futures companies have established 22 first-level subsidiaries, 39 second-level subsidiaries, and 6 third-level subsidiaries overseas, enhancing their global presence [3]. Group 3: Future Directions for Opening - The futures market will continue to expand its specific product offerings and optimize the participant structure to attract global traders [4][5]. - The industry will focus on improving cross-border transaction regulations and enhancing the protection mechanisms for both domestic and foreign traders [5]. - The Zhengzhou Commodity Exchange will persist in exploring cross-border cooperation and optimizing the institutional environment to better serve the high-quality development of the real economy [5].

Group 1 - The global derivatives market is undergoing profound changes, with Asian exchanges emerging as dominant players in commodity trading [3] - Chinese exchanges have significantly increased their influence in the agricultural futures sector, holding four positions in the top ten global commodity exchanges as of 2023 [3] - From 2012 to 2024, Asian agricultural futures and options trading volumes have experienced exponential growth, establishing Asia as the core growth area for global agricultural derivatives trading [3] Group 2 - The Zhengzhou Commodity Exchange is presented with a substantial opportunity to enhance the international influence of bulk commodity pricing [3] - As market openness deepens and infrastructure improves, Chinese futures prices are expected to play a more critical role in the global bulk commodity pricing system, providing efficient and transparent pricing benchmarks and risk management tools for cross-border trade [3]