Core Viewpoint - The training session "DCE·Industry Tour" held in Liaoning aims to enhance the risk management capabilities of the local chemical industry through the use of futures derivatives, addressing the challenges posed by global economic changes and price volatility in raw materials [1][2]. Group 1: Industry Context - Liaoning is a significant old industrial base in China, with the petrochemical and chemical industries playing a crucial role in its economic structure [1]. - The province is focusing on building a world-class petrochemical industry base, emphasizing the importance of risk management in the face of increasing market competition and price fluctuations [2]. - The chemical industry in Liaoning has a comprehensive range of sectors, high enterprise concentration, and strong technological foundation, particularly in petrochemicals, fine chemicals, and new materials [2]. Group 2: Futures Market Importance - The futures market is recognized as a vital component of the modern financial system, providing price discovery, risk management, and resource allocation functions essential for petrochemical enterprises [2]. - The Dalian Commodity Exchange (DCE) reports that by 2024, the average proportion of industry clients in its chemical sector will reach 38.2%, indicating a growing participation of chemical enterprises in utilizing futures tools for cost locking and risk avoidance [2]. Group 3: Training Content and Insights - The training covered macroeconomic analysis, basic knowledge of futures, and risk prevention strategies, with insights into the development prospects of bulk commodities [3]. - Experts emphasized the need for enterprises to establish a scientific hedging management system to effectively manage risks and price fluctuations [3][4]. - Successful practices in using futures tools for risk management were shared, highlighting the importance of a comprehensive risk control system and the transition from being price takers to price managers [4]. Group 4: Industry Transformation - There is a noticeable shift in the mindset of enterprises in Liaoning from fearing futures to actively embracing them as tools for risk management [5]. - The DCE's "Enterprise Risk Management Plan" has garnered significant attention among training participants, reflecting the growing recognition of futures derivatives as a stabilizing force for businesses [4][5].