在新能源汽车、航空航天、半导体等战略性新兴产业加速发展的背景下，有色金属正从传统工业的基础 材料逐步升级为支撑新质生产力的重要战略资源。近日，上海发布《加强期现联动提升有色金属大宗商 品能级行动方案》，通过期货、现货和衍生品市场协同发力，促进有色金属大宗商品能级跃升。这一方 案的出台，是上海加快构建国际大宗商品定价中心的重要一步。 方案着眼于"期—现—衍"全链条，系统提升期货服务实体经济的可达性和有效性。通过推动现货交易场 所接入大宗商品清算通、开发价格指数，支持金融基础设施为基于价格指数的场外衍生品提供集中清算 及风险管理服务，降低企业参与期货和衍生品市场的制度成本和操作门槛。 方案还明确提出，推动汽车、建筑、家电等有色金属应用类企业参与期货和场外衍生品市场，鼓励国有 企业运用商品期权工具管理价格风险。这反映出期货市场服务重心将从上游生产企业向加工制造和终端 应用领域延伸，从而提升整个产业链的抗风险能力和运行稳定性。 方案还将期货、期权、场外衍生品、价格指数、仓单交易等均纳入政策"工具箱"，为不同规模、不同风 险偏好的企业提供差异化选择。特别是鼓励使用期货价格或现货价格指数作为贸易基准价，有助于降低 现货交 ...

Core Insights - The national data work conference held in Beijing aims to accelerate the construction of an open, shared, and secure national integrated data market [1] Group 1: Data Circulation Service Institutions - Three types of data circulation service institutions are identified as key players in promoting data circulation transactions: data exchanges, data circulation service platform enterprises, and data merchants [2] - Data exchanges serve as "explorers" for institutional rules and ecosystem cultivation, but their current role and functionality are not fully realized, and the scale of data transactions remains small [2] - Data circulation service platform enterprises are the main drivers of industry data circulation and utilization, characterized by data exchange and value co-creation [2] - Data merchants focus on developing data products and providing diverse services, playing a leading role in the data-driven service sector [2] Group 2: Data Development and Utilization - The conference emphasizes that the mode of data circulation transactions should align with the methods of data development and utilization [3] - There is a focus on promoting the marketization and valuation of data elements, encouraging diverse entities to explore innovative data circulation transaction models [3] - The need for a monitoring system to measure data circulation transaction scale and indicators is highlighted to better reflect the actual state of data circulation transactions [3]