| Approved China fiber board and plywood futures varieties |
| 【author/from】webmanager 【time】2013/10/24 【count】1978 |
| In new network Beijing on 18 October, (reporter Chen Kangliang) 18 days, China Securities Regulatory Commission spokesman said, to give full play to the economic function of futures market, better service to the entity economy, recently, the Commission approved the Dalian Commodity Exchange (hereinafter referred to as the big business) in fiber board, plywood futures trading. 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. On 2012, Chinese fiber board production to 55540000 cubic meters, consumption of 41850000 cubic meters; plywood production to 140000000 cubic meters, consumption is 130000000 cubic meters. The personage inside course of study points out, affected 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. It is reported, at present big business has been designed according to the requirements and the actual situation of futures contracts, spot market technology, completed the fiberboard, plywood futures contract design and rules, to determine the price of a contract, transaction, and clearing of the proper cross cutting system developed, demonstrated the margin, price limits and position limitquota system risk control measures such as. The spokesman pointed out that the premise, CSRC will measurable, controllable, can bear the market risk, in accordance with the provisions of the relevant laws and regulations of the approved business the hanging disc fiber board and plywood futures contracts, and guide and supervise the business and Futures Company conscientiously do a good job of fiberboard, plywood each futures listed on the preparatory work before, to ensure the smooth and safe operation of listed companies. |
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