64
Aluminum oxide futures are about to be listed to meet the needs of enterprise risk management
2023/6/5
The SEC recently agreed to register alumina futures on the Shanghai Futures Exchange, requiring the Shanghai Futures Exchange to make good preparations to ensure the smooth launch and robust operation of alumina futures. As the world's first physical delivery of alumina futures varieties, the listing of alumina futures on the Shanghai Futures Exchange is imminent.
Aluminum is one of the most commonly used non-ferrous metals in the world, and the aluminum industry is a basic industry supporting the development of the national economy. Alumina is the main raw material for the production of electrolytic aluminum, 95% for electrolytic aluminum smelting and production, 5% for ceramics, chemicals, pharmaceuticals and other fields. China is the world's largest alumina producer and consumer. 2022, domestic alumina production reached 81.86 million tons, accounting for more than half of the world, according to the average price in 2022 corresponding to a market size of more than 200 billion yuan.
China's alumina industry has a large scale and many market players. In recent years, affected by macroeconomic, industrial policies, changes in supply and demand, unexpected events and other factors, alumina prices fluctuate frequently, enterprise risk management needs are increasingly strong. The industry generally believes that the listing of alumina futures can help enterprises to more accurately manage price risks and stabilize their production and operation, and also help the spot market to form an open, fair and just price system and enhance the international price influence of China's aluminum industry chain.
Ltd. marketing department Zhang Yan said to reporters, in recent years, electrolytic aluminum prices and alumina price trend divergence, correlation significantly reduced. China's alumina prices fluctuate frequently, Shanxi, Henan alumina major producers of price risk management needs are strong. After the listing of alumina futures, producers can hedge to manage the price risk in the process of procurement, inventory and sales.
Li Huijuan, deputy general manager of the primary aluminum business department of Yunnan Aluminum International Trade Operation Center, believes that the listing of domestic alumina futures will provide a more refined risk management tool for the upstream and downstream of the industry. "Alumina as the main raw material of electrolytic aluminum, its price is affected by multiple factors such as macroeconomic and supply and demand. After the listing of alumina futures, it will become the most direct price management tool for electrolytic aluminum enterprises to lock costs, which is conducive to the sustainable and healthy development of China's aluminum industry."
Since 1993, the Shanghai Futures Institute has launched a succession of copper, aluminum, lead, zinc, nickel, tin and other non-ferrous metal futures varieties, of which, electrolytic aluminum futures since the listing of the market is running smoothly, the function of effective play, has become one of the world's most active non-ferrous metal futures. The relevant person in charge of the Shanghai Futures Institute said that the next step, the Shanghai Futures Institute will be under the unified deployment of the Securities and Futures Commission, in accordance with the "steady word in the forefront, steady progress" the general tone of the work, follow the market-oriented rule of law principle, strengthen market supervision and risk prevention, increase market training and investor education, to ensure the smooth launch of alumina futures and sound operation, service To ensure the stable launch and sound operation of alumina futures and serve the high-quality development of the aluminum industry.
JIN DUN CHEMICAL has built a special (meth) acrylic monomer manufacturing base in ZHEJIANG province. This makes sure the stable supply of HEMA, HPMA, HEA, HPA, GMA with high level quality. Our special acrylate monomers are widely used for thermosetting acrylic resins, crosslinkable emulsion polymers, acrylate anaerobic adhesive, two-component acrylate adhesive, solvent acrylate adhesive, emulsion acrylate adhesive, paper finishing agent and painting acrylic resins in adhesive.We have also developed the new and special (meth) acrylic monomers and derivatives. Such as the fluorinated acrylate monomers, It can be widely used in coating leveling agent, paints, inks, photosensitive resins, optical materials, fiber treatment, modifier for plastic or rubber field. We are aiming to be the top supplier in the field of special acrylate monomers, to share our rich experience with better quality products and professional service.
Aluminum is one of the most commonly used non-ferrous metals in the world, and the aluminum industry is a basic industry supporting the development of the national economy. Alumina is the main raw material for the production of electrolytic aluminum, 95% for electrolytic aluminum smelting and production, 5% for ceramics, chemicals, pharmaceuticals and other fields. China is the world's largest alumina producer and consumer. 2022, domestic alumina production reached 81.86 million tons, accounting for more than half of the world, according to the average price in 2022 corresponding to a market size of more than 200 billion yuan.
China's alumina industry has a large scale and many market players. In recent years, affected by macroeconomic, industrial policies, changes in supply and demand, unexpected events and other factors, alumina prices fluctuate frequently, enterprise risk management needs are increasingly strong. The industry generally believes that the listing of alumina futures can help enterprises to more accurately manage price risks and stabilize their production and operation, and also help the spot market to form an open, fair and just price system and enhance the international price influence of China's aluminum industry chain.
Ltd. marketing department Zhang Yan said to reporters, in recent years, electrolytic aluminum prices and alumina price trend divergence, correlation significantly reduced. China's alumina prices fluctuate frequently, Shanxi, Henan alumina major producers of price risk management needs are strong. After the listing of alumina futures, producers can hedge to manage the price risk in the process of procurement, inventory and sales.
Li Huijuan, deputy general manager of the primary aluminum business department of Yunnan Aluminum International Trade Operation Center, believes that the listing of domestic alumina futures will provide a more refined risk management tool for the upstream and downstream of the industry. "Alumina as the main raw material of electrolytic aluminum, its price is affected by multiple factors such as macroeconomic and supply and demand. After the listing of alumina futures, it will become the most direct price management tool for electrolytic aluminum enterprises to lock costs, which is conducive to the sustainable and healthy development of China's aluminum industry."
Since 1993, the Shanghai Futures Institute has launched a succession of copper, aluminum, lead, zinc, nickel, tin and other non-ferrous metal futures varieties, of which, electrolytic aluminum futures since the listing of the market is running smoothly, the function of effective play, has become one of the world's most active non-ferrous metal futures. The relevant person in charge of the Shanghai Futures Institute said that the next step, the Shanghai Futures Institute will be under the unified deployment of the Securities and Futures Commission, in accordance with the "steady word in the forefront, steady progress" the general tone of the work, follow the market-oriented rule of law principle, strengthen market supervision and risk prevention, increase market training and investor education, to ensure the smooth launch of alumina futures and sound operation, service To ensure the stable launch and sound operation of alumina futures and serve the high-quality development of the aluminum industry.
JIN DUN CHEMICAL has built a special (meth) acrylic monomer manufacturing base in ZHEJIANG province. This makes sure the stable supply of HEMA, HPMA, HEA, HPA, GMA with high level quality. Our special acrylate monomers are widely used for thermosetting acrylic resins, crosslinkable emulsion polymers, acrylate anaerobic adhesive, two-component acrylate adhesive, solvent acrylate adhesive, emulsion acrylate adhesive, paper finishing agent and painting acrylic resins in adhesive.We have also developed the new and special (meth) acrylic monomers and derivatives. Such as the fluorinated acrylate monomers, It can be widely used in coating leveling agent, paints, inks, photosensitive resins, optical materials, fiber treatment, modifier for plastic or rubber field. We are aiming to be the top supplier in the field of special acrylate monomers, to share our rich experience with better quality products and professional service.
