Fiberboard, plywood futures approved by the China Securities Regulatory Commission |
【author/from】webmanager 【time】2013/10/24 【count】1865 |
Beijing (CNFIN.COM / XINHUA08.COM) --18 day, the China Securities Regulatory Commission approved the Dalian Commodity Exchange (hereinafter referred to as the big business) development of fiberboard, plywood futures trading. In related work is completed, the China Securities Regulatory Commission approved business listing fiberboard, plywood futures contract. Fiber board and plywood is an important forest products industry, upstream downstream link forestry, relates to the furniture, decoration, packaging and automotive manufacturing and other industries. China is the world's largest fibreboard, plywood production and consumption country. In 2012, China's fiberboard production to 55540000 cubic meters, consumption of 41850000 cubic meters; plywood production to 140000000 cubic meters, consumption is 130000000 cubic meters. Influenced by the factors of raw material costs and demand fluctuations, fiber board and plywood price fluctuation, related to the upstream and downstream enterprises have a greater impact. Development of fiberboard, plywood futures trading, to promote the formation of reasonable and transparent price system, management entity enterprise risk of price fluctuation, drive forestry resource allocation optimization and upgrading of the industrial structure, promote the steady and healthy development of forestry industry. China Securities Regulatory Commission said the premise to be in the market risk can be measured, controlled, affordable, in accordance with the provisions of the relevant laws and regulations of the approved business the hanging disc fiber board and plywood futures contract. Big business has said, and now the work is in advance, after the contract draft program is completed, will be submitted to the Commission to determine the final listing and trading time. |
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