Lithium carbonate futures and options to be listed soon
2023/6/25
Xu Yanwei, general manager of GF Futures, said the launch of lithium carbonate futures and options is significant, one is to help the national "double carbon" target strategy, for the steady development of green industry escort; second is to form the lithium carbonate price mechanism, enhance the transparency of spot prices, to provide the best risk management tools for industrial enterprises.
According to the design of the lithium carbonate futures contract, the trading unit is 1 ton / lot, the quotation unit is yuan (RMB) / ton, the minimum trading margin is 5% of the contract value, the minimum price change is 50 yuan / ton, the maximum number of orders per time is 1000 lots, the minimum number of orders is 1 lot. June 15 Shanghai non-ferrous network latest quotation shows that the lithium carbonate spot reported 313,000 yuan / ton (99.5% battery Grade / domestic), according to this calculation, lithium carbonate futures single highest trading capital or 15.65 million yuan.
It is reported that lithium carbonate is mainly used in energy storage batteries and power batteries, listed futures will help the new energy industry to do a good job of upstream raw material price risk management, strengthen the coordination and allocation of resources, help to promote the structural transformation of energy production and consumption, and truly play the role of development and security "balancer" to serve the new energy technology self-sustainability and self-improvement.
"Lithium carbonate corresponding downstream industries including new energy trams and energy storage plate, are closely related to the development of China's green industry." Xu Yanwei said that the launch of lithium carbonate futures and options can effectively stabilize production costs and lock in profits for the upstream and downstream of the relevant industries, helping China's green industry to achieve sound development and helping the country to achieve the goal of "double carbon".
Xu Yanwei believes that the combination of lithium carbonate futures and options will enable upstream and downstream enterprises to hedge risk, hedge and manage inventory to smooth out spot price fluctuations; the effective use of futures and options can hedge the value of overseas lithium resources acquired by enterprises, help domestic enterprises to globalize their layout and serve the development model of domestic and foreign double cycle. Most importantly, enterprises can also make their trade and financing activities more flexible through warehouse receipt financing and over-the-counter business, further enhancing their risk management level.
Galaxy Futures Commodity Research Institute non-ferrous metals researcher Julia Chen said, for a long time, the lithium carbonate industry chain lacks corresponding risk management tools, and the lithium carbonate cargo value is high, the marginal impact on the price of various links of the industry chain is large, enterprises bear relatively large risk exposure. Lithium carbonate futures and options launched at this time to provide effective risk management tools for the entity, on the one hand, can assist enterprises to achieve stable production and operation, on the other hand, can also provide more channels to participate in the new energy market funds, to achieve the goal of escorting the sound development of green industry.
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