转自：新华财经 新华财经上海12月19日电（刘玉龙 葛佳明） 19日，上海期货交易所副总经理陆丰在参加"2025大宗商品 国际化发展大会"时表示，展望未来，上期所将深入贯彻落实"十五五"时期的新部署、新要求，将自身 发展放在国家战略布局、上海建设"五个中心"以及提升重要大宗商品的价格影响力三大维度统筹谋划， 聚势聚力加快建成世界一流交易所，为实体经济发展提供高质量服务，为金融强国、贸易强国建设贡献 更大期货力量。 陆丰介绍了四方面的主要工作。 一是丰富产品供给，加快上市液化天然气、瓦楞原纸等期货及期权，加强电力等重大战略性品种的研发 储备。 三是以高标准的业务模式，增强贸易发展活力。上期所深入研究新时代期货市场发展规律，立足我国国 情市情，吸取境外成熟市场有益经验，聚焦交割领域，积极探索中国特色业务模式，为现代化物流体系 建设提供支撑。如在机制优化方面，年内对黄金、纸浆、天然橡胶和20号胶期货品种的交割结算价计算 方式进行优化，更加贴合现货贸易惯例；新增交割库28个，交割品牌75个，为贸易主体提供更广泛的供 应链支撑。 四是以高水平的对外开放，促进跨境贸易发展。目前，有6个品种面向境外交易者直接开放、32个品 ...

Core Insights - The 2024 China Paper Association Annual Conference emphasized the importance of supply and demand analysis for stable industry growth and high-quality development [1][2] - The Shanghai Futures Exchange (SHFE) has played a significant role in the paper industry since the launch of pulp futures in 2018, contributing to price discovery, risk management, and resource allocation [1] Market Performance - In 2023, pulp futures trading volume reached 130 million contracts, a year-on-year increase of 55.0%, with a total transaction value of 7.2 trillion yuan, up 29.8% [1] - Daily average open interest for pulp futures was 441,000 contracts, reflecting a 32.6% year-on-year increase [1] - The total delivery volume for pulp futures in 2023 was 1.075 million tons, marking a 73.2% increase and the highest since the launch of the futures [1] Delivery Services - The SHFE expanded its delivery resources by adding two new deliverable brands in 2023, increasing the total to 14 brands across 7 countries on 4 continents [1] - The total delivery capacity reached 870,000 tons, more than quadrupling since the initial launch, facilitating greater participation from industry enterprises in risk management [1] Industry Perspectives - Experts acknowledged the stable operation and functionality of pulp futures, noting that China now accounts for over half of global pulp trade, with pricing gradually shifting from Western markets to domestic [2] - The pulp futures market is seen as maturing, providing new development opportunities and business models for the entire pulp and paper industry chain [2] Future Developments - The SHFE plans to expand the range of quality deliverable resources and optimize delivery warehouse layouts while monitoring market trends to stabilize expectations [2] - Future initiatives include the launch of futures and options for printing paper and corrugated paper, as well as advancing the internationalization of pulp futures to provide more precise risk management tools for the industry [2]