Shang Fulin, Chairman of the China Securities Regulatory Commission, started the gong for coke futures
Sina Finance News On April 15, it was reported that the coke futures of Dalian Commodity Exchange was listed today. The opening price of J1109 contract on the first day was 2300/ton, 5.5% higher. Chairman of China Securities Regulatory Commission Shang Fulin ( special column ）At the listing ceremony, it was said that coke futures was the first futures of its kind in the world. Investors should fully understand the risks of futures trading and rationally participate in coke futures trading.
He said that coke is an important commodity. The upstream is closely related to the coal industry, and the downstream is inseparable from the steel industry. China has become the world's largest producer and consumer of coke, with a market size of more than 700 billion yuan. In recent years, the price of coke in China fluctuates relatively large, and the market risk is relatively significant.
He believes that carrying out coke futures trading is conducive to improving the coke price formation mechanism, better helping spot enterprises grasp the market trend in a timely and accurate manner, enhancing the predictability and scientificity of decision-making, and promoting the stable operation of the coke and steel markets.
Second, it can provide effective hedging tools for spot enterprises, improve their ability to resist risks and further enhance their competitiveness.
Third, it is conducive to guiding social investment, curbing the blind development of the industry, and promoting the implementation of national macro-control policies by means of marketization.
He said: "Coke futures is the first futures of the same kind in the world, and the contract rules have Chinese characteristics, which requires the joint efforts and care of all parties involved."
At the same time, he asked Dalian Commodity Exchange to strengthen market monitoring, prevent market manipulation and other illegal acts, increase enterprise futures knowledge training, and strengthen investor education.
Futures companies should do a good job in market promotion, reveal risks, and help spot enterprises better participate in futures trading according to their own conditions to meet the needs of production and operation.
Coke production, trade and consumption enterprises should understand, be familiar with and master the operation rules of the futures market, and constantly improve the level of using the futures market in practice;
He finally reminded investors to fully understand the risks of participating in futures trading and rationally participate in coke futures trading. (Wang Xiao from Dalian)
