PVC futures market favorable long-term development of the petrochemical industry-PVC, Futures - the plastics industry
Photo PVC Gross margin chart HC plastic mesh PVC ( PVC ) Futures contracts on the 25th at the Dalian Commodity exchange-listed securities, listed on the first day to run smoothly. The industry believes that, PVC futures market, not only to provide investors with better investment products, while beneficial to the management of PVC production enterprise risk, more conducive to building an international advanced level in China's large petrochemical production base.
China Oil And Chemical Industry Association Vice President Zhao Jungui that, at present, China has become the largest petrochemical industry after the United States, the 2008 International Financial Petrochemical industry to bring the crisis to a certain influence, but in general, China's petrochemical industry's basic situation and long-term trend has not changed for the better, PVC futures market is conducive to the international advanced level in large-scale petrochemical production base.
PVC industry in China has entered the current high-cost support of the times, regardless of manufacturer or processing enterprises are facing the challenge of integration within the industry. As the PVC production costs and prices there are many uncertain factors, very difficult to guarantee the profits of enterprises, especially after the outbreak of the financial crisis caused the price collapse of many manufacturing enterprises are facing great difficulties. PVC futures markets, it will help the enterprises in the procurement, production, management, Sell Full use of all links in the spot market, futures market to solve the difficulties can not be resolved, thus ensuring the stability of enterprise management and sustainable development.
Dalian good futures brokerage operation, said General Manager Han Jiqing, PVC futures market, the producers of raw materials in ready stock and calculate the corresponding cost and profit targets lock in the futures market, the production of profits, can effectively prevent In the production process are likely to face the unexpected price fluctuations.
Same time, the processing enterprises in the PVC after the futures market, on the one hand against the possible price increases early in the futures market to hedge, on the other hand can also use the price discovery function of futures markets to maintain stability in the procurement of raw materials sex. In addition, PVC products processing enterprises are mostly not futures prices exist in the sales more difficult, while futures prices through the PVC can be appropriate and reasonable costs and profits by adding to predict long-term product sales prices, traders and downstream the establishment of relatively stable and reliable purchase and sales.
Present, China imports a number of petrochemical products a growing dependence on foreign gradually increase the price of large enterprises face growing risks. In recent years, by coal, oil and other raw material prices fluctuations, PVC market price changes often severe, associated increased risk of spot business, an urgent need for price hedging instruments to hedge business risks, to achieve steady development. Petrochemical companies are hoping to launch a futures-related species in order to find pricing and hedging, and promote healthy and stable development of the petrochemical industry.
New Lake futures researcher Dan said, from the current market price fluctuations of PVC each year in May and June during the PVC industry, prices are rising phase of the cycle, lower capital utilization and the expected yield is more to PVC become a better investments. Enhanced features on the futures market, petrochemical industry development services to help enterprise risk management, the promotion of stone Chemical industry Industry long-term development, are bound to have more positive impact.
But the industry also believes that the current futures varieties of chemical or too little, hope that the futures market will continue to market more downstream petrochemical products, petrochemical products continue to improve the chain, providing a more comprehensive product hedge market.
PVC is one of the five synthetic resin, widely used in building doors and windows, drain pipes, wire and cable and film packaging. With the National Economy Rapid development, China's PVC production and consumption increased rapidly, has become the world's largest PVC producer and consumer.
The e-commerce company in China offers quality products such as china Roof System , china Villa, and more. For more , please visit container house plans today!
Comment on "PVC futures market favorable long-term development of the petrochemical industry-PVC, Futures - the plastics industry"
| Related News: |
