62
Lithium carbonate futures options open "exercise" one step closer to listing
2023/6/7
After the battery-grade lithium carbonate has fallen sharply back to 300,000 yuan / ton, lithium carbonate futures options are also a step closer to the listing.
On June 6, the broad futures institute confirmed to the shell financial reporter, today launched lithium carbonate futures simulation trading, and June 7 to start lithium carbonate options simulation trading.
The so-called simulation trading is an important step to test the rules before the listing of new varieties of futures. CITIC Capital Futures research and development department of non-ferrous metals senior analyst Zhang Weixin told reporters that simulation trading is similar to a "rehearsal" before listing, to simulation trading this step, from the real listing is not far away.
Broad Futures is one of the five futures exchanges in China's youngest, the first variety of industrial silicon futures launched at the end of 2022, and now the variety of "new", is expected to spend lithium carbonate.
As the core raw material for the lithium industry, lithium carbonate prices have experienced dramatic fluctuations in recent years. Through futures options products trading to smooth out price fluctuations has become the expectation of many upstream and downstream enterprises in the industry chain. Shell financial reporter combing noted that a number of listed companies have disclosed that they intend to carry out lithium carbonate futures hedging, or apply for the qualification of lithium carbonate designated delivery depot to the wide term, including Ganfeng lithium industry, Jiangte motor, etc..
On June 6, Shengxin Lithium Energy said to reporters that the company does intend to trade lithium carbonate futures options products through the wide range of futures, in order to suppress lithium carbonate price fluctuations.
Lithium carbonate futures options "exercise", listed trading is not far?
According to media reports, a number of futures companies recently received the Guangzhou Futures Exchange ("GFE") "notice on lithium carbonate futures, options simulation trading". According to the notice, the Guangzhou Futures Exchange started lithium carbonate futures simulation trading on June 6, and lithium carbonate options simulation trading on June 7.
On June 6, the broad futures Institute confirmed to reporters the authenticity of the above documents. The notice shows that it is scheduled for June 5 after the completion of the settlement in the simulation trading environment to carry out the lithium carbonate varieties on line work.
CITIC Capital Futures Research and Development Department of non-ferrous metals senior analyst Zhang Weixin told reporters that simulation trading is similar to a "rehearsal" before listing, to simulation trading this step, from the real listing is not far. This means that the draft of the contract has been initially determined, the trading rules have also been initially drafted. After that, it probably needs to go through the public consultation and approval of the relevant regulatory bodies and other links.
"Simulation trading mainly refers to traders' simulated trading, settlement and delivery operations in the simulation trading platform, and the funds involved are virtual funds." Wu Qichong, senior analyst of industry consulting at Dongzhi Futures Derivatives Research Institute, told reporters that futures varieties listed need to go through long-term research and development and pavement, and from the general procedure of new varieties listed, simulation trading is generally considered an important step to test the rules before listing, which can do a good job of paving the way for formal listing and trading.
According to Wu Qichong, each member unit needs to record the problems found in the simulation trading process and feedback to the exchange to assist in improving the rules and systems of futures contracts. For traders, simulation trading can help them familiar with the rules of futures trading and the characteristics of futures price fluctuations, and further prepare for the listing and promotion of new varieties. At the same time, simulation trading experience can also be used as proof of trading experience for investor suitability access varieties.
In December 2022, the first variety of industrial silicon futures was successfully listed.
The Guangzhou Municipal People's Government General Office "2023 Guangzhou Financial Support for Real Economy High Quality Development Action Plan" proposed to support the Guangzhou Futures Exchange to build an international first-class futures exchange, research reserves and list more new varieties, and constantly improve the product system, and strive to list one new variety in 2023.
In fact, the broad futures institute has long aimed at lithium carbonate. In January this year, the Guangzhou Futures Exchange released news that it is steadily promoting the development of lithium carbonate futures varieties with the goal of promoting the stable and healthy development of the lithium carbonate industry.
In late April, Cao Zihai, deputy general manager of the Guangzhou Futures Exchange, said that the Guangzhou Futures Institute will continue to make efforts in the "new energy metals" segment, and strive to list lithium carbonate and polysilicon futures within the year, and to promote the research and development of platinum and palladium varieties listed to improve China's voice in the field of precious metals.
Promising to calm the lithium price shock, a number of companies have pre-empted the layout
Since this year, the lithium carbonate price "roller coaster" market, continue to affect the upstream and downstream nerves.
At the beginning of 2023, lithium carbonate experienced a price cut, since the end of April quickly opened the price rebound, about a month's time that is back to 300,000 yuan / ton mark. Shanghai non-ferrous June 6 offer shows that the average price of battery-grade lithium carbonate is 306,500 yuan / ton.
Some market opinions believe that this round of price increases are not lack of market sentiment to drive. Shanghai non-ferrous lithium analyst Zhou Zhi Cheng previously told reporters that the current rise in lithium prices is mainly driven by the mood at the end of April, and then in May when downstream manufacturers inventory is at a low level just to fill the demand and lead to. Lithium salt factory in which with traders to cover the price of goods not out of the situation, making the price rise again and again.
Although lithium carbonate prices continue to rise, but the rebound has slowed down significantly since late May. Shanghai non-ferrous network data show that since May 19, the average price of battery-grade lithium carbonate than the day before the highest increase of only 3,500 yuan / ton, and nearly half of the trading day average price and the day before flat. And in mid-May, battery-grade lithium carbonate almost daily average price increase of more than 10,000 yuan / ton, May 12 is a single day rose 17,000 yuan / ton.
Zhou Zhicheng believes that the slowdown is mainly due to the high price of lithium carbonate was not effectively transmitted to the downstream, the downstream battery factory began to resist such a high price of lithium carbonate, cathode materials plant due to bear the loss also reduced the demand for stockpiling.
Lithium carbonate stirred the market, through the futures options product trading to calm price fluctuations become the industry chain upstream and downstream enterprises look forward to.
The reporter noted that listed companies have disclosed their intention to carry out lithium carbonate futures hedging, or to apply to the wide range of the qualification of lithium carbonate designated delivery depot.
Ltd. ("Yongxing Special Steel"), a wholly-owned subsidiary of Yongxing Materials, said in May 26 that the price of lithium carbonate, the main product of Jiangxi Yongxing Special Steel, is significantly affected by market price fluctuations, and in order to reduce the business risk caused by product price fluctuations, the company intends to use the hedging function of futures instruments, according to the production and operation In order to reduce the business risk caused by the fluctuation of product prices, the Company intends to make use of the hedging function of futures instruments and carry out futures hedging business according to the production and operation plan. The amount of margin for the company's hedging business will not exceed RMB 100 million (excluding the amount of physical delivery of the underlying futures).
On the same day, Yongxing Materials disclosed that Yongxing Special Steel will apply for the qualification of designated delivery depot for lithium carbonate from the Guangqi Futures Exchange and authorize the management and its authorized persons to handle matters related to this application. This move is conducive to making full use of the characteristics of lithium carbonate designated delivery depots, combining the spot market, futures market and delivery depots.
In addition, Ganfeng Lithium, Jiangte Electric and Shengxin Lithium have publicly disclosed that they have applied for the qualification of lithium carbonate designated delivery depot in mid to late April.
Zhang Weixin told reporters that there are many benefits to carry out lithium carbonate futures options trading. For the lithium carbonate market, it can improve stability and calm abnormal volatility. For enterprises, lithium carbonate futures prices will be one of the benchmarks for future spot trade pricing, which is more transparent, fairer and more efficient compared to the current market.
"More importantly, enterprises can use lithium carbonate futures options for hedging operations to hedge the risks brought by large increases and decreases in lithium carbonate prices to enterprises and achieve stable operations." Zhang Weixin said.
On June 6, the broad futures institute confirmed to the shell financial reporter, today launched lithium carbonate futures simulation trading, and June 7 to start lithium carbonate options simulation trading.
The so-called simulation trading is an important step to test the rules before the listing of new varieties of futures. CITIC Capital Futures research and development department of non-ferrous metals senior analyst Zhang Weixin told reporters that simulation trading is similar to a "rehearsal" before listing, to simulation trading this step, from the real listing is not far away.
Broad Futures is one of the five futures exchanges in China's youngest, the first variety of industrial silicon futures launched at the end of 2022, and now the variety of "new", is expected to spend lithium carbonate.
As the core raw material for the lithium industry, lithium carbonate prices have experienced dramatic fluctuations in recent years. Through futures options products trading to smooth out price fluctuations has become the expectation of many upstream and downstream enterprises in the industry chain. Shell financial reporter combing noted that a number of listed companies have disclosed that they intend to carry out lithium carbonate futures hedging, or apply for the qualification of lithium carbonate designated delivery depot to the wide term, including Ganfeng lithium industry, Jiangte motor, etc..
On June 6, Shengxin Lithium Energy said to reporters that the company does intend to trade lithium carbonate futures options products through the wide range of futures, in order to suppress lithium carbonate price fluctuations.
Lithium carbonate futures options "exercise", listed trading is not far?
According to media reports, a number of futures companies recently received the Guangzhou Futures Exchange ("GFE") "notice on lithium carbonate futures, options simulation trading". According to the notice, the Guangzhou Futures Exchange started lithium carbonate futures simulation trading on June 6, and lithium carbonate options simulation trading on June 7.
On June 6, the broad futures Institute confirmed to reporters the authenticity of the above documents. The notice shows that it is scheduled for June 5 after the completion of the settlement in the simulation trading environment to carry out the lithium carbonate varieties on line work.
CITIC Capital Futures Research and Development Department of non-ferrous metals senior analyst Zhang Weixin told reporters that simulation trading is similar to a "rehearsal" before listing, to simulation trading this step, from the real listing is not far. This means that the draft of the contract has been initially determined, the trading rules have also been initially drafted. After that, it probably needs to go through the public consultation and approval of the relevant regulatory bodies and other links.
"Simulation trading mainly refers to traders' simulated trading, settlement and delivery operations in the simulation trading platform, and the funds involved are virtual funds." Wu Qichong, senior analyst of industry consulting at Dongzhi Futures Derivatives Research Institute, told reporters that futures varieties listed need to go through long-term research and development and pavement, and from the general procedure of new varieties listed, simulation trading is generally considered an important step to test the rules before listing, which can do a good job of paving the way for formal listing and trading.
According to Wu Qichong, each member unit needs to record the problems found in the simulation trading process and feedback to the exchange to assist in improving the rules and systems of futures contracts. For traders, simulation trading can help them familiar with the rules of futures trading and the characteristics of futures price fluctuations, and further prepare for the listing and promotion of new varieties. At the same time, simulation trading experience can also be used as proof of trading experience for investor suitability access varieties.
In December 2022, the first variety of industrial silicon futures was successfully listed.
The Guangzhou Municipal People's Government General Office "2023 Guangzhou Financial Support for Real Economy High Quality Development Action Plan" proposed to support the Guangzhou Futures Exchange to build an international first-class futures exchange, research reserves and list more new varieties, and constantly improve the product system, and strive to list one new variety in 2023.
In fact, the broad futures institute has long aimed at lithium carbonate. In January this year, the Guangzhou Futures Exchange released news that it is steadily promoting the development of lithium carbonate futures varieties with the goal of promoting the stable and healthy development of the lithium carbonate industry.
In late April, Cao Zihai, deputy general manager of the Guangzhou Futures Exchange, said that the Guangzhou Futures Institute will continue to make efforts in the "new energy metals" segment, and strive to list lithium carbonate and polysilicon futures within the year, and to promote the research and development of platinum and palladium varieties listed to improve China's voice in the field of precious metals.
Promising to calm the lithium price shock, a number of companies have pre-empted the layout
Since this year, the lithium carbonate price "roller coaster" market, continue to affect the upstream and downstream nerves.
At the beginning of 2023, lithium carbonate experienced a price cut, since the end of April quickly opened the price rebound, about a month's time that is back to 300,000 yuan / ton mark. Shanghai non-ferrous June 6 offer shows that the average price of battery-grade lithium carbonate is 306,500 yuan / ton.
Some market opinions believe that this round of price increases are not lack of market sentiment to drive. Shanghai non-ferrous lithium analyst Zhou Zhi Cheng previously told reporters that the current rise in lithium prices is mainly driven by the mood at the end of April, and then in May when downstream manufacturers inventory is at a low level just to fill the demand and lead to. Lithium salt factory in which with traders to cover the price of goods not out of the situation, making the price rise again and again.
Although lithium carbonate prices continue to rise, but the rebound has slowed down significantly since late May. Shanghai non-ferrous network data show that since May 19, the average price of battery-grade lithium carbonate than the day before the highest increase of only 3,500 yuan / ton, and nearly half of the trading day average price and the day before flat. And in mid-May, battery-grade lithium carbonate almost daily average price increase of more than 10,000 yuan / ton, May 12 is a single day rose 17,000 yuan / ton.
Zhou Zhicheng believes that the slowdown is mainly due to the high price of lithium carbonate was not effectively transmitted to the downstream, the downstream battery factory began to resist such a high price of lithium carbonate, cathode materials plant due to bear the loss also reduced the demand for stockpiling.
Lithium carbonate stirred the market, through the futures options product trading to calm price fluctuations become the industry chain upstream and downstream enterprises look forward to.
The reporter noted that listed companies have disclosed their intention to carry out lithium carbonate futures hedging, or to apply to the wide range of the qualification of lithium carbonate designated delivery depot.
Ltd. ("Yongxing Special Steel"), a wholly-owned subsidiary of Yongxing Materials, said in May 26 that the price of lithium carbonate, the main product of Jiangxi Yongxing Special Steel, is significantly affected by market price fluctuations, and in order to reduce the business risk caused by product price fluctuations, the company intends to use the hedging function of futures instruments, according to the production and operation In order to reduce the business risk caused by the fluctuation of product prices, the Company intends to make use of the hedging function of futures instruments and carry out futures hedging business according to the production and operation plan. The amount of margin for the company's hedging business will not exceed RMB 100 million (excluding the amount of physical delivery of the underlying futures).
On the same day, Yongxing Materials disclosed that Yongxing Special Steel will apply for the qualification of designated delivery depot for lithium carbonate from the Guangqi Futures Exchange and authorize the management and its authorized persons to handle matters related to this application. This move is conducive to making full use of the characteristics of lithium carbonate designated delivery depots, combining the spot market, futures market and delivery depots.
In addition, Ganfeng Lithium, Jiangte Electric and Shengxin Lithium have publicly disclosed that they have applied for the qualification of lithium carbonate designated delivery depot in mid to late April.
Zhang Weixin told reporters that there are many benefits to carry out lithium carbonate futures options trading. For the lithium carbonate market, it can improve stability and calm abnormal volatility. For enterprises, lithium carbonate futures prices will be one of the benchmarks for future spot trade pricing, which is more transparent, fairer and more efficient compared to the current market.
"More importantly, enterprises can use lithium carbonate futures options for hedging operations to hedge the risks brought by large increases and decreases in lithium carbonate prices to enterprises and achieve stable operations." Zhang Weixin said.
In addition, Wu Qichong proposed that the listing of lithium carbonate futures options can form an authoritative and fair price of lithium salt, and if the RMB-denominated lithium carbonate futures price is used as the international trade pricing benchmark, it can enhance the initiative of Chinese enterprises in the international lithium salt trade, and then consolidate the international pricing power of lithium carbonate in China, which is conducive to enhancing the initiative of Chinese enterprises in the international lithium salt trade.
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.
