平台整合：从"物理叠加"到"化学反应" 大宗商品资源配置枢纽旨在集成大宗商品"采、运、储、贸、融、服"等全链条功能，提升资源全球配置 效率。一年来，该枢纽在项目推进、开放升级、产业链生态构建及创新能力提升等方面取得阶段性成 效。 全国首个大宗商品资源配置枢纽在浙江落地已满一周年。作为枢纽的核心运营平台，今年完成更名的浙 江国际大宗商品交易中心（简称浙江大宗），实现了从单一油气交易平台向更多品类大宗商品交易平台 的跨越。新平台也是新挑战。面对缺乏可借鉴经验、制度尚待完善、多方协调难度大等现实问题，浙江 大宗在推进业务创新的同时，也着力构建覆盖全流程的监督机制，护航大宗商品资源配置枢纽建设。 目前，"舟山价格"已通过路孚特等全球知名平台向国际发布，获新加坡普氏等权威机构引用，实现了 从"被动跟随"到"主动发声"的转变。 创新不仅是产品，也体现在监管和科研层面。平台构建"国企协同+科技赋能"的智能化监管模式，实现 货物全流程可视化监管。同时，其博士后科研工作站已升格为国家级，重点围绕场外衍生品清算、天然 气定价等关键领域开展研究。在面对多方企业数据共享等难题时，平台纪委充分利用"公权力大数据监 督应用系统"，开发9 ...

Core Insights - Zhejiang is accelerating the development of its futures market and high-quality development of the spot market, aiming to create an integrated off-market for bulk commodities as a key task in its 14th Five-Year Plan [1] - Hangzhou's strong industrial foundation and financial ecosystem provide fertile ground for exploring the coupling of futures and spot markets [1] - Hangzhou Relian Group, a leading player in the bulk commodity industry, has developed a unique path for integrated development through its core business of spot trading and supply chain services [1] Futures and Spot Market Coupling - The coupling point between futures and spot markets lies in price and risk management, where futures serve as a "price insurance market" for enterprises [3] - Companies can lock in future procurement costs or sales prices through futures, transforming price volatility into manageable basis risk [3] - The relationship is symbiotic, with futures providing risk management tools and spot markets offering physical delivery and price anchoring [3] Development Stage of Derivatives Market - The derivatives market in China is transitioning from a "tool popularization phase" to a "service deepening phase" [4] - The current 2.0 stage sees more companies using derivatives for systematic hedging and risk management, moving towards a more integrated risk control approach [4] - Future developments will focus on creating an ecosystem that supports stable operations and value growth for enterprises [4] Importance of Risk Management - Risk management is now viewed as a competitive necessity for bulk commodity enterprises, especially in volatile market conditions [5] - Effective risk management ensures survival, stability in operations, and the establishment of competitive advantages [6] Relian Group's Experience in Risk Management - Relian Group's approach includes a core philosophy of serving the real economy, a practical model of "derivatives empowering the real economy," and a service logic focused on long-term partnerships [7][8] - The company emphasizes solving real problems and creating genuine value for clients, moving beyond one-time transactions [8] Zhejiang's Bulk Commodity Resource Hub - The Zhejiang International Bulk Commodity Trading Center has evolved from a single oil and gas trading platform to a multi-commodity trading platform [10] - The hub aims to integrate the entire supply chain of bulk commodities, enhancing global resource allocation efficiency [11] - As of December 9, the trading volume exceeded 1 billion tons, with a trading value surpassing 420 billion yuan [12] "Zhoushan Price" and International Pricing Power - The hub aims to establish pricing influence by developing domestic pricing benchmarks for various commodities, moving from passive to active pricing strategies [13] - New products have been launched to support enterprises in navigating international trade barriers [13] Alliance for National Unified Market - The establishment of the Zhejiang Free Trade Zone's bulk commodity resource allocation alliance aims to enhance cooperation among industry players and improve resource allocation efficiency [14] - The alliance focuses on breaking down barriers between enterprises and facilitating information sharing and business connections [14] Future Outlook - The Zhejiang bulk commodity hub will continue to expand its trading categories and index systems while exploring intelligent supervision and risk prevention systems [16] - The focus will remain on supporting national strategies and enhancing China's global resource allocation capabilities [16]

全国首个大宗商品资源配置枢纽落地浙江已满一周年。截至12月9日，浙江大宗贸易交易额超4200亿 元，贸易交易量超1亿吨。一年来，该枢纽从概念迈向实体，逐步成为浙江融入国家战略、提升大宗商 品资源配置能力的关键载体。 作为枢纽的核心运营平台，浙江国际大宗商品交易中心（以下简称"浙江大宗"）在原浙江国际油气交易 中心的基础上，整合了省内两家现货交易场所资源，实现了从单一油气交易平台向更多品类大宗商品交 易平台的跨越。 平台整合：从"物理叠加"到"化学反应" 一年来，该枢纽在项目推进、开放提升、产业链生态构建及创新能力等方面取得阶段性成效。 2025年6月，浙江国际大宗商品交易中心正式揭牌。通过对浙江天然气交易市场、浙江海港大宗商品交 易中心的股权整合，该平台实现了从单一油气品种向钢材、有色、橡胶、煤炭等多品类拓展。 "平台整合不是简单的物理叠加，而是要通过化学反应，释放出'1+1>2'的协同效应。"浙江大宗董事长 郑燕敏说，"我们致力于打造一个开放、共享的大宗商品交易生态，让更多企业能够享受到平台化服务 带来的价值。 " 整合后的浙江大宗，迅速展现出强大的资源集聚能力。一方面，成熟的油气交易服务模式复制拓展至非 ...