In order to promote the participation of industrial enterprises in the use of the futures market, in recent years, the company has carried out many attempts and innovations. In 2017, we will promote the basis trade model based on futures prices for industrial chain companies such as steel. Basis trade enables steel industry chain companies to use futures prices without directly participating in futures trading, including large domestic steel companies such as Hegang, Anshan Iron and Steel, and Fujian Sangang, which are actively participating in the pilot. According to incomplete statistics, the iron ore basis trade volume in 2018 is about 10 million tons.

At the same time, in order to support the steel industry chain enterprises to participate in the futures market, Dashang has carried out a large number of market cultivation work, such as holding important activities such as the coal coke mining industry conference, holding senior management training courses for steel and other fields to support futures companies. Training activities with the theme of coal coke mines. Since 2017, Dashang has established 20 production and breeding bases in cooperation with Tangshan Steel Association, Xuyang Holdings and Anshan Iron and Steel Co., Ltd., giving full play to the role of leading enterprises in the market cultivation. The above measures have helped the steel industry chain enterprises to gradually improve their understanding and understanding of futures tools.

Since the beginning of this year, we have supported various types of financial institutions to participate in the “Enterprise Risk Management Plan” pilot project by covering various new forms such as basis trade, on- and off-exchange options, and rights-containing trade, and encouraged relevant financial institutions and industrial enterprises to play a leading role. , the whole process, multi-dimensional solution to the actual problem.

It is hoped that the steel industry chain enterprises can objectively understand the functional role of the futures market, actively participate in futures trading, explore new ways of integrating industry and finance, use futures tools for risk management, maintain the steady development of the steel industry, and better transmit and reflect in the derivatives market. The "sound" of the steel industry.