Core Viewpoint - The successful completion of cash settlement for the first time in three chemical products' monthly average price futures at Dalian Commodity Exchange marks a significant development in the futures market, addressing the industry's demand for stable pricing and risk management tools [1][2]. Group 1: Market Performance - As of January 30, the monthly average price futures for linear low-density polyethylene, polyvinyl chloride, and polypropylene have been operational for 66 trading days, with average daily trading volumes of 5,015 contracts, 4,558 contracts, and 3,398 contracts respectively [1]. - The average daily open interest for these products stands at 6,232 contracts, 5,489 contracts, and 5,411 contracts respectively [1]. Group 2: Industry Needs - The volatility in the prices of plastic chemical products due to various domestic and international market factors has created a pressing need for industries to secure stable long-term procurement prices and precise risk management tools [1]. - The introduction of monthly average price futures provides a cash settlement based on the arithmetic average of the futures settlement prices, effectively meeting the risk management needs of industry average price trading [1]. Group 3: Innovation and Service - The successful cash settlement of the three chemical products' monthly average price futures is seen as an important achievement in innovating service models that closely align with industry needs [2]. - These new futures complement existing physical delivery futures, contributing to a more comprehensive ecosystem for chemical derivatives [2].