The hottest 2017 China Plastics Industry Conferenc

2022-08-03
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2017 China Plastics Industry Conference was held in Hangzhou

release date: Source: futures editor in charge: Yu Jiaru used polyurethane polymer for seat utilization and polypropylene for interior decoration. Number of Views: 5377 copyright and disclaimer

core tip: on May 24, 2017 China Plastics Industry Conference co sponsored by big business, China Petroleum and Chemical Industry Federation and China Light Industry Federation was held in Hangzhou. Li Zhengqiang said that after ten years of development, the China Plastics Industry Conference has become a brand event for the futures industry and the petrochemical industry to deepen cooperation and seek common development. In the past decade, industrial enterprises have participated in and promoted the development of China's petrochemical industry in a unique way by analyzing the market situation, interpreting industrial policies, and disseminating risk management concepts and skills through the plastic industry conference platform

[China Packaging News] on May 24, 2017 China Plastics Industry Conference co hosted by the big business institute, China Petroleum and Chemical Industry Federation and China Light Industry Federation was held in Hangzhou. In his speech, lizhengqiang, the chairman of Dachang exchange, said that in the ten years since the listing of plastic futures, the futures industry and the petrochemical industry have gone hand in hand for common development, and made great achievements in developing petrochemical futures varieties, promoting the integration of petrochemical futures and spot markets, and serving petrochemical enterprises to avoid risks by using the futures market. In the future, large and flame retardant Pu thermal insulation materials firms that have reached B1 and B2 levels will continue to deepen cooperation with the petrochemical industry and promote the futures market to better serve the development of the petrochemical industry

Li Zhengqiang said that after ten years of development, the China Plastics Industry Conference has become a brand event for the futures industry and the petrochemical industry to deepen cooperation and seek common development. In the past decade, industrial enterprises have participated in and promoted the development of China's petrochemical industry in a unique way by analyzing the market situation, interpreting industrial policies, and disseminating risk management concepts and skills through the plastic industry conference platform

2017 China Plastics Industry Conference was held in Hangzhou. He said that the past decade of the plastics industry conference is a decade for China's petrochemical industry to embark on a new journey from big to strong. It is also a decade for big commercial exchanges to successfully transform from agricultural products futures exchanges to comprehensive commodity futures exchanges and open the construction of diversified and open comprehensive derivatives exchanges

lizhengqiang said that the plastic industry conference has gone through a decade, which is also a decade of mutual integration and common development between large commercial institutes and the petrochemical industry. First, continue to promote the research and development of petrochemical varieties and provide a variety of risk management tools for the petrochemical industry. Since 2007, Dachang exchange has listed three chemical futures varieties such as polyethylene. Together with methanol and PTA from Zhengshang exchange and petroleum asphalt from the previous period, Dachang exchange has preliminarily established a petrochemical futures variety system. Second, actively consolidate the market foundation and promote the in-depth integration of petrochemical futures and spot markets. Actively adapt to the changes in the spot market of the petrochemical industry and the adjustment of national standards, timely improve the delivery quality standards of relevant varieties, adjust the regional premium, optimize the layout of delivery warehouses, explore the pilot bonded delivery and registered brand delivery, and promote the benign interaction between the petrochemical futures and the spot market. Since the listing of polyethylene, polyvinyl chloride and polypropylene futures, the correlation coefficients of futures and cash prices have been 0.9, 0.93 and 0.81 respectively, all maintaining a high level. The futures and cash linkage has promoted the change of trade pricing method. Many industrial enterprises refer to the futures price and change the previous quotation once or twice a day to multiple quotations a day, which has improved the sensitivity of the market to the following data converted at the current exchange rate. Third, continue to strengthen market services and create conditions for petrochemical enterprises to actively use the futures market. Over the years, on the premise of performing the front-line supervision duties according to law and maintaining the safe and stable operation of the market, the office has encouraged and supported petrochemical enterprises to effectively use the futures market to avoid risks. In 2016, more than 7500 corporate customers participated in the trading of petrochemical varieties in large commercial exchanges, and many enterprises achieved stable operating income through hedging

however, he also said that compared with the huge risk management needs of China's petrochemical industry, and China's strategic needs to promote the "the Belt and Road" international cooperation, participate in global economic governance, and promote the establishment of a new international trade order, our derivatives and products are not rich enough, and the quality and efficiency of market operation need to be further improved. There is no Petrochemical option tool in China, and the structural contradictions such as the discontinuity of active futures contracts are still prominent. Among industrial customers, the "three more and three less" situation of "more retail investors, fewer legal persons, more private enterprises, fewer state-owned enterprises, more trade circulation enterprises and fewer production and processing enterprises" is still prominent. Overseas customers cannot directly participate in transactions, and some enterprises are reluctant to participate in futures market hedging There are doubts about managing the risk of price fluctuations. These have become the bottleneck of the development of Sinopec futures, restricting the normal function of the futures market

he said that for a long time, the Institute has consciously taken serving the real economy as its mission, foundation and value. At present, under the situation of deepening the supply side structural reform in China, the big commercial exchange will further strengthen cooperation with relevant parties with a measurement accuracy of 0.01mm, work with the petrochemical industry to enhance consensus and deepen cooperation, and promote the futures market to better serve the development of the petrochemical industry

it is understood that this conference, with the theme of "industry finance integration and ten years' cooperation", focused on the risk management and development opportunities of the current plastic industry market, and exchanged views on the general idea of the supply side structural reform of the petrochemical industry, the analysis of the coal chemical industry pattern, the ten-year review and development prospect of Dalian plastic futures market and other industry hot issues. Representatives from nearly 400 enterprises including relevant research institutions, spot enterprises, futures companies and investment institutions attended the meeting, and representatives from industrial enterprises accounted for more than 60%

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