"完善衍生品布局 服务高质量发展"报道（上） 编者按：今年以来，在期货行业各方的努力和推动下，期货市场在品种工具供给上取得积极突破：系列 期权落地、首个再生金属期货品种上市、化工和浆纸产业链衍生品体系进一步完善、月均价期货获准注 册、新的新能源金属期货有望推出、人民币外汇期货提上日程……截至目前，我国已上市157个期货和 期权品种，广泛覆盖农产品、金属、能源、化工、建材、造纸、航运、金融等国民经济主要领域。今日 起，本报推出"完善衍生品布局 服务高质量发展"报道，敬请关注。 年初召开的中国证监会2025年系统工作会议提出，完善农业强国、制造强国、绿色转型等重点领域期货 品种布局，提升产业客户参与度。 今年前三季度，我国期货市场在丰富和完善品种体系方面取得显著进展。铸造铝合金期货和期权、纯苯 期货和期权、丙烯期货和期权、胶版印刷纸期货和期权，以及燃料油、石油沥青和纸浆期权等先后挂牌 上市。铂、钯期货和期权，焦煤期权，以及线型低密度聚乙烯、聚氯乙烯、聚丙烯月均价期货等上市也 提上日程。 接受期货日报记者采访的业内人士普遍认为，未来，随着更多新品种上市，我国期货市场在服务实体经 济、服务国家战略等方面将发挥更大作用 ...

新华社上海9月10日电（记者刘羽佳、陈云富）9月10日，胶版印刷纸期货及期权，燃料油、石油沥 青和纸浆期权等5个期货期权品种在上海期货交易所上市交易。 近年来，我国期货期权品种上市步伐加快。随着此次5个期货期权品种挂牌交易，国内商品期货期 权品种数量将达到136个。 据悉，9月10日，上期所继续扩大合格境外投资者参与商品期货、期权交易的范围，新增开放石油 沥青期货以及燃料油、石油沥青和纸浆期权合约。目前共有32个在上期所上市的期货期权品种允许合格 境外投资者参与交易，占上期所全部上市品种的70%以上。 【纠错】 【责任编辑:焦鹏】 业内人士称，推出胶版印刷纸期货及期权，将填补国内文化用纸金融衍生品的空白，为我国文化用 纸产业链企业提供精准管理价格波动风险的工具。燃料油、石油沥青和纸浆期权的上市，也将进一步丰 富相关行业企业的风险管理工具。 其中，胶版印刷纸期货，燃料油、石油沥青和纸浆期权当日9时挂牌上市，胶版印刷纸期权将于当 日21时挂牌上市。 ...

Core Insights - The China Securities Regulatory Commission has approved the Shanghai Futures Exchange to register futures and options for newsprint, fuel oil, asphalt, and pulp, marking the launch of the world's first financial derivatives for cultural paper [1][3] - The introduction of newsprint futures and options will fill a gap in the domestic market for financial derivatives related to cultural paper, providing tools for companies in the cultural paper industry to manage price volatility [3] Industry Overview - The paper industry is a crucial basic raw material sector closely linked to national economic development and people's daily lives, with paper types categorized into cultural, packaging, household, and specialty papers [1] - China is the largest producer and consumer of newsprint globally, with a projected production of 9.48 million tons and apparent consumption of 8.71 million tons in 2024 [3] Market Dynamics - The domestic paper industry faces significant revenue growth pressures due to complex and changing market conditions, leading to a high demand for risk management tools [3] - The launch of newsprint futures and options is expected to create a complete risk management chain in collaboration with pulp futures, enhancing the management of exposure risks from raw materials to finished products [3] Product Development - The Shanghai Futures Exchange has developed futures for fuel oil, asphalt, and pulp over several years, which have become important hedging tools for enterprises, characterized by good market liquidity and mature investor structure [3] - The introduction of options products will allow companies to utilize both futures and options for more refined hedging strategies, thereby improving their risk management capabilities [3]