Core Viewpoint - The event "2025 Futures Empowering Green Financial Development" highlighted the role of futures markets in supporting green transformation and addressing market changes faced by physical enterprises [1] Group 1: Achievements of Guangxi Futures Exchange - Guangxi Futures Exchange has developed a product plan featuring 16 products across four categories, focusing on green development and international cooperation [2] - Futures and options for industrial silicon, lithium carbonate, and polysilicon have been launched, establishing a preliminary structure for the new energy metal futures market [2] - The exchange showcased physical samples of industrial silicon, lithium carbonate, and polysilicon to enhance investor understanding of the listed products and their related industrial chains [2] Group 2: Market Performance and Participation - Industrial silicon futures and options have an average daily trading volume of 318,600 contracts, with a cumulative trading volume exceeding 8.5 trillion yuan, and institutional holding ratio at 65.1% [3] - Lithium carbonate futures and options have an average daily trading volume of 337,000 contracts, with a cumulative trading volume surpassing 1.15 trillion yuan, and institutional trading volume accounting for 68.2% [3] - Polysilicon futures and options, launched at the end of 2024, show strong activity with an average daily trading volume of 133,100 contracts [3] Group 3: Industry Services and Support - The "Green to New" industry service plan has established 12 pilot industry bases and provided one-on-one training for 25 companies, benefiting nearly 60 enterprises [3] - The exchange has implemented measures such as optimizing futures contract rules and reducing fees, resulting in over 120 million yuan in fee reductions for industry clients by May this year [3] Group 4: Futures Market Impact on the Economy - The futures market has demonstrated its value in risk management, allowing industrial silicon producers to maintain production during price declines [4] - Lithium carbonate trading companies have reduced procurement costs by over 15% by using futures prices as reference points [4] Group 5: Empowering New Energy Enterprises - The event featured discussions on how new energy companies can leverage futures tools to enhance their operations, with insights shared by industry experts [5] - The listing of industrial silicon and polysilicon futures has improved market liquidity and provided diverse hedging tools for upstream companies [5] - The carbon carbonate futures have significantly altered pricing and trading models in the lithium battery industry, enabling companies to survive during capacity clearing cycles [5] Group 6: Innovative Trading Models - The integration of options into spot contracts has created a new trading model that effectively lowers the barriers for small and medium enterprises to participate in derivatives trading [6]

Core Insights - The article discusses the initiatives taken by the Guangxi Futures Exchange (广期所) to promote green finance through futures and options in the renewable energy sector, highlighting the launch of various products and their market performance [1][3]. Group 1: Product Development and Market Performance - Guangxi Futures Exchange has launched futures and options for industrial silicon, lithium carbonate, and polysilicon, establishing a preliminary framework for a renewable metal futures market [1]. - The main contract for polysilicon futures (PS2508) increased by 4.55% to 33,535 yuan/ton on June 30 [1]. - Daily trading volume for industrial silicon futures and options averages 318,600 contracts, with a cumulative transaction value exceeding 8.5 trillion yuan, indicating significant participation from industrial clients [3]. - Lithium carbonate futures and options have a daily trading volume of 337,000 contracts, with a cumulative transaction value surpassing 11.5 trillion yuan, showing a dominant presence of institutional clients [3]. - Polysilicon futures, launched at the end of 2024, have shown strong activity with an average daily trading volume of 133,100 contracts [3]. Group 2: Industry Support and Initiatives - The "Green Towards New" industry service plan launched in September 2024 has established 12 pilot industry bases, aimed at supporting the green transition [3]. - Guangxi Futures Exchange has implemented measures such as optimizing futures contract rules and tax reductions, resulting in over 120 million yuan in fee reductions for industrial clients by May 2025 [3]. - The exchange aims to enhance its product offerings by accelerating the development of new products like platinum, palladium, and lithium hydroxide [3]. Group 3: Risk Management and Market Dynamics - The introduction of industrial silicon and polysilicon futures has provided liquidity to the market, smoothing volatility and offering various hedging tools for upstream companies [5]. - The listing of lithium carbonate futures has significantly altered pricing and trading models in the lithium battery industry, with traders now commonly referencing futures prices for transactions [5]. - The industry is increasingly adopting a "futures price + basis" pricing model, moving away from traditional absolute price trading [5].

Group 1 - The average daily trading volume of industrial silicon futures and options is 318,600 contracts, with a cumulative transaction value exceeding 8.5 trillion yuan, and institutional holding accounts for 65.1% [1] - The average daily trading volume of lithium carbonate futures and options is 337,000 contracts, with a cumulative transaction value surpassing 11.5 trillion yuan, and institutional trading volume accounts for 68.2% [1] - The average daily trading volume of polysilicon futures and options, which just launched at the end of 2024, is 133,100 contracts, indicating strong market activity [1] Group 2 - The Guangxi Futures Exchange has established a preliminary structure for the new energy metal futures sector, with industrial silicon, lithium carbonate, and polysilicon futures and options currently operational [1] - The Guangxi Futures Exchange plans to enhance its product system by developing new products such as platinum, palladium, and lithium hydroxide, aiming to better serve the risk management needs of the real economy during the low-carbon transition [1] - Platinum prices have shown a significant upward trend, reaching $1,392 per ounce in May, the highest since 2014, with a year-to-date increase surpassing that of gold [2]