Zhengzhou Commodity Exchange (hereinafter referred to as "Zheng Shang Institute") has recently held 2021 "Industrial Base" Review Conference in Zhengzhou. Those of the 38 "industrial base" representatives from PTA participated in the representatives of their respective enterprises, and the experience and effectiveness of market cultivation activities, as well as this year's work plan, and also for "industrial bases". Construction proposes relevant recommendations.

Zheng Shang Institute "Industrial Base" construction works in 2019, is one of the important starters of Zheng Shang's service entity economy. The 38 companies in this review are the industrial leader, driving the upstream and downstream enterprises to correctly understand, participate in the management of the futures market, maintain supply chain stability, etc.

Hengjing State is one of the large chemical fiber leaders, Zhejiang Hengyi International Trade Co., Ltd. (hereinafter referred to as "Hengyi True International Trade") is the main platform for Hengjing Store to participate in futures hedging.

From the representative of Hengyi True Trade, as a "industrial base" of PTA, short-fuel futures, Hengyi Guo Trade actively held "stable and supplied Annariana, escort entity", "the futures service of the stable price", line Various types of theme activities such as the upper round table forum, participate in industrial forums and market research, etc., and take the initiative to popularize futures market knowledge, promote futures tools, and help industrial enterprises to use marketization methods to manage production and operation risks.

Hengyi International is also constantly exploring the period in combination of business model. Through the rendering to reduce raw material procurement cost, use futures to build a virtual factory to lock production profits, comprehensive use of PTA options and futures combination strategies thickened, in enriching its own production and business strategy It also expanded the application scenario of futures prices and enhanced the influence of futures prices.

On the textile industry chain, in addition to the PTA futures and options, the futures variety that has been listed also includes short-fiber futures, cotton futures, cotton yarn futures.

Xinjiang Yintong Cotton Industry Co., Ltd. and Xinjiang Guannian Tianzhi Production Co., Ltd. belong to Xinjiang Crown and Fangcao Amel Co., Ltd. In recent years, two companies have actively participated in cotton futures, using the existing combination of business model, carry out fundamental trade, financing, price transactions, settlement, delivery, etc.

"Cotton futures have been launched in 17 years, and its price discovery and the stability of the hedge preservation function have provided effective reference for the development of cotton industry policies and corporate operations, and play a positive role in deepening cotton circulation system." Guannong The relevant person in charge of the shares said that the company attaches great importance to the construction of cotton "industrial base", actively conducts market cultivation activities through organizational futures training, round table forums, industrial research, etc.

It is understood that PTA, cotton and other "industrial base" enterprises have a more mature application of options, and the use of trade and other models are increasingly widely used in corporate operations; "Industrial Base" enterprises promoted Zheng Shang's integrated business platform basis joint The price of prices is also achieved in the process.

According to the person in charge of Zheng Shang, the current, industrial enterprises actively use futures and derivatives to manage production and operation risks, achieving robust management, and more companies will show the "double-strand" means of combining and baffle as normalized business models. This is almost inseparable from the exemplary effect of "industrial base" and "biopsy".

According to this person in charge, 2022 year, Zheng Shangyuan will exempt all futures variety sets to keep the opening, delivery, warehouse list transfer (incomplete convergence medium warehouse list transfer) and standard warehouse list as a guarantee fee .

Since 2020, Zheng Shang Institute has to support physical enterprises to prevent reducing the package, delivery and warehouse list transfer fee exemption. In 2021, the volatility of bulk commodity prices was intensified. The demand for physical enterprises was significantly improved. Zheng Shangshan took the free standard warehouse list as a guarantee fee, effectively reducing the funds of entity enterprises in the futures market, and helping the industrial chain supply chain stable.

"This price is the specific initiative of Zheng Shang 's all-effect implementation of the spirit of the central economic work conference. After the implementation of the measures, it can continue to be accurate, effectively reduce the cost of entity enterprises to participate in the circulation of the futures market, alleviate the cost of small and medium enterprises, and help enterprises. Continuously stable operation, better service of commodity insurance for stability. "The relevant person in charge of Zheng Shang said said.