新上市74个产品(包含两家证券交易所上市的6个期权产品)，我国期货和期权品种数量达到164个。 "十四五"时期，我国期货市场产品供给稳步增加，多个产业链风险管理工具的空白被填补，成熟期货品种基本实现期权全覆盖。与国民经济高质量发展需 求相匹配，服务实体经济领域更广、能力更强的期货和衍生品体系初步建成，期货市场服务实体经济的广度、深度和精度显著提升。 体系化布局，拓展覆盖领域 "十四五"时期，我国期货市场围绕"强链补链拓链""向绿向新"，加快健全品种体系，广泛覆盖农产品、金属、能源、化工、建材、航运、金融等国民经济 主要领域。上期所(含上期能源)先后上市了氧化铝、合成橡胶、铸造铝合金、胶版印刷纸等18个期货和期权品种。郑商所推出了花生、烧碱、对二甲苯、 瓶片等19个期货和期权品种，覆盖油料、化工、纺织等产业链。大商所上市了生猪、原木、纯苯等3个期货品种，以及棕榈油、乙二醇、鸡蛋等11个期权 品种，并推出了国内首批月均价期货(线型低密度聚乙烯、聚氯乙烯、聚丙烯月均价期货)。中金所先后推出了中证1000股指期货和期权、上证50股指期 权、30年期国债期货。广期所先后上市工业硅、碳酸锂、多晶硅、铂、钯等服务绿色发展的 ...

"新上市74个产品，我国期货和期权品种数量达到164个。" "十四五"时期，我国期货市场产品供给稳步增加，除2021年上市4个新品种外，2022年至2025年每年上 市期货和期权新品种均在15个以上，多个产业链风险管理工具的空白被填补，成熟期货品种基本实现期 权全覆盖。与国民经济高质量发展需求相匹配，服务实体经济领域更广、能力更强的期货和衍生品体系 初步建成，期货市场服务实体经济的广度、深度和精度显著提升。 体系化布局，拓展覆盖领域 "十四五"时期，我国期货市场围绕"强链补链拓链""向绿向新"，加快健全品种体系，广泛覆盖农产品、 金属、能源、化工、建材、航运、金融等国民经济主要领域。上期所（含上期能源）先后上市了氧化 铝、合成橡胶、铸造铝合金、胶版印刷纸等18个期货和期权品种。郑商所推出了花生、烧碱、对二甲 苯、瓶片等19个期货和期权品种，覆盖油料、化工、纺织等产业链。大商所上市了生猪、原木、纯苯等 3个期货品种，以及棕榈油、乙二醇、鸡蛋等11个期权品种，并推出了国内首批月均价期货（线型低密 度聚乙烯、聚氯乙烯、聚丙烯月均价期货）。中金所先后推出了中证1000股指期货和期权、上证50股指 期权、30年期国债期 ...

Core Viewpoint - The China Securities Regulatory Commission has approved the registration of monthly average price futures for linear low-density polyethylene, polyvinyl chloride, and polypropylene by the Dalian Commodity Exchange, marking the first cash-settled futures in China's commodity futures market [1] Group 1: Market Impact - The introduction of these monthly average price futures will provide more diversified and refined pricing information and risk management tools, enhancing the resilience of supply chains and industrial chains in China [1] - The futures will be based on the arithmetic average of the settlement prices of corresponding physical delivery futures, which will help stabilize long-term procurement prices for the industry [2] Group 2: Industry Context - Polyethylene, polyvinyl chloride, and polypropylene are the three major universal resin products globally, with China being a leading producer and consumer, with projected domestic production in 2024 of 27.91 million tons, 23.44 million tons, and 34.76 million tons respectively [2] - The industry is experiencing increased demand for stable long-term pricing mechanisms due to frequent price fluctuations influenced by domestic and international market conditions [2] Group 3: Risk Management - The contract design of the monthly average price futures addresses the industry's need for risk management while considering market risk prevention, with a holding limit set at one-fifth of the corresponding physical delivery futures [2] - The introduction of these futures is expected to enhance the pricing fairness and rationality, ensuring smooth operation post-launch [2] Group 4: Business Strategy - Companies are increasingly looking to use monthly average prices as a reference for trade pricing, but previously lacked adequate risk management tools, making the new futures a significant addition to their trading strategies [3] - The listing of these futures will provide a more direct and precise risk management tool for average price trading, improving overall risk management strategies and operational stability for companies [3]