Group 1 - The forum focused on how the futures market can assist the oilseed and oil industry in responding to trade changes, emphasizing the importance of oilseed safety as a critical component of food security in China [1][2] - The China Zhengzhou Commodity Exchange (CZCE) aims to provide a high-quality risk management system for the industry, adapting to the current global economic adjustments and increasing trade uncertainties [1][2] - The oilseed and oil market in China plays a significant role globally, being the second-largest importer and the largest consumer of rapeseed oil and meal, as well as the largest importer and consumer of peanuts [2] Group 2 - COFCO Oils has been actively using futures and derivative tools to mitigate price volatility risks, ensuring stable operations within the industry [3] - The oilseed and oil sector has developed a relatively complete derivative system, which serves as a valuable risk management tool for the industry [3] - Discussions at the forum included topics such as changes in global oilseed trade patterns, challenges and opportunities for import and processing enterprises, and the use of futures derivatives to support stable operations and national oil supply security [3]

Core Viewpoint - The development of the polyester industry chain relies heavily on the support of futures tools, which enhance price discovery and risk management capabilities for enterprises in the sector [2][3]. Group 1: Development of Polyester Futures Market - The first chemical futures product, PTA futures, was launched in 2006 at Zhengzhou Commodity Exchange, providing essential risk management tools for the polyester industry [3]. - Zhengzhou Commodity Exchange has successfully launched eight futures and options products, including PTA, short fiber, PX, and bottle chips, creating a comprehensive risk management toolset for the polyester industry [4]. - The overall market operation of polyester futures has been stable, effectively guiding production planning, managing price volatility risks, and stabilizing operations for enterprises [3][4]. Group 2: Internationalization and Market Participation - As of July 2025, there are 760 foreign clients from over 30 countries and regions participating in the Chinese futures market, indicating strong international trust and engagement [7]. - The introduction of a delivery system for PTA export-type vehicles and the optimization of hedging mechanisms have enhanced the ability of domestic enterprises to manage risks and stabilize profits [4][5]. - The integration of futures tools into daily operations of polyester enterprises has improved their operational resilience and competitiveness in the global market [10]. Group 3: Future Directions and Strategies - Zhengzhou Commodity Exchange plans to refine existing products, expand international openness, and enhance industry services to further support the manufacturing sector [5]. - The exchange aims to deepen collaboration with industry stakeholders to better understand and address the operational challenges faced by enterprises [5]. - Continuous monitoring and regulation of market operations will be emphasized to ensure stable functioning of the futures market [5].

Core Viewpoint - The forum highlighted the importance of futures markets in supporting the robust development of the polyester industry, emphasizing the role of risk management tools in enhancing international competitiveness [1][2]. Group 1: Development of Polyester Futures Market - The Zhengzhou Commodity Exchange (ZCE) has established a comprehensive risk management tool system for the polyester industry, with the launch of various futures and options including PTA, short fiber, PX, and bottle chips [1][2]. - The market for polyester futures has been stable, effectively guiding production planning, managing price volatility risks, and stabilizing operations for enterprises [1][2]. - As of July 2025, 760 foreign clients from over 30 countries have opened accounts in the Chinese futures market, indicating strong international trust and participation [4]. Group 2: Future Plans and Strategies - ZCE plans to refine existing products based on industry feedback, expand international openness, and enhance service to the industry while ensuring market stability through effective regulation [3][6]. - The exchange aims to implement tailored strategies for specific products to increase the international influence of Chinese futures prices [3][4]. Group 3: Risk Management Practices - Companies are increasingly utilizing futures markets for hedging, with PTA futures showing a high hedging efficiency of over 98% [6][7]. - Enterprises like Rongsheng Petrochemical and Xin Fengming have developed comprehensive risk management systems that integrate futures trading with their operational strategies [7].

Core Viewpoint - The 2025 China (Zhengzhou) International Futures Forum will focus on key industry issues, providing a platform for experts to discuss solutions and explore new development paths for stable operations in the face of market changes [1] Group 1: Forum Overview - The forum will feature two sub-forums: one on agricultural products (oilseeds) and another on industrial products (polyester), addressing themes related to trade changes and international competitiveness [1] - Experts from various associations and companies will present on topics such as global supply and demand analysis, market risks, and the role of futures markets in enhancing industry resilience [2] Group 2: Agricultural Products Forum Insights - The agricultural forum will cover critical topics including global vegetable oil supply and demand, the biodiesel market, and the domestic peanut market's risks and responses [2][3] - The futures market is seen as a tool for precise pricing and risk management, helping companies navigate challenges posed by geopolitical factors and supply chain disruptions [3] Group 3: Industrial Products Forum Insights - The industrial forum will discuss the evolution of the global aromatics supply chain and the outlook for polyester supply and demand [2] - The use of futures and derivative tools is emphasized for managing production costs and enhancing competitiveness in global trade [3]

Core Viewpoint - The article highlights the importance of the natural rubber industry in China and the initiatives taken by the Shanghai Futures Exchange to stabilize production and increase income for rubber farmers amid challenges such as low prices and adverse weather conditions [6][10]. Group 1: Industry Overview - Natural rubber is a strategic material widely used in various sectors including transportation, healthcare, defense, and industry [6]. - China has designated 18 million acres as natural rubber production protection zones, primarily in Hainan, Yunnan, and Guangdong, to ensure stable supply [6]. - The natural rubber price has been low in recent years, leading to significant abandonment of rubber plantations and a decline in labor participation among farmers [6][10]. Group 2: Initiatives and Impact - The Shanghai Futures Exchange, in collaboration with futures companies and leading rubber enterprises, launched the "Stabilization Action" project to support rubber farmers and enhance their income [6][9]. - In 2024, the project distributed 17.06 million yuan to farmers, significantly boosting their motivation to continue rubber tapping [6][9]. - The project has been ongoing since 2019, providing over 140 million yuan in support funds and helping farmers avoid price volatility risks [9][10]. Group 3: Farmer Experiences - Farmers like Lan Jianyuan have reported increased income due to the project, with his family earning approximately 140,000 yuan from rubber tapping in 2024, supplemented by over 8,000 yuan from the stabilization project [7][9]. - The project has also introduced training and automation initiatives to improve efficiency in rubber tapping [10]. Group 4: Production Statistics - In 2024, Hainan's rubber production reached 368,600 tons, a 5.3% increase from 2023, while Guangdong's production faced a decline due to adverse weather conditions [11][12]. - The average income increase for farmers in Guangdong due to the stabilization project was 2,857 yuan despite a decrease in overall production [12]. Group 5: Market Dynamics - China is the largest consumer and importer of natural rubber, with a consumption volume of 7.216 million tons in 2024, accounting for 46.7% of global consumption [13]. - The domestic production of natural rubber reached approximately 920,000 tons in 2024, still leaving a significant demand gap [13]. Group 6: Future Outlook - The Shanghai Futures Exchange's initiatives are crucial for the local rubber industry, especially in light of challenges such as labor shortages and natural disasters [10]. - The introduction of the Shanghai rubber futures contract in international markets is expected to enhance China's pricing power in global rubber trade [14][15].