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Methanol futures expected to lower the threshold

wallpapers News 2020-08-03

The large scale of methanol futures contract is inconsistent with the trading habits of Quanzhou enterprises, which has puzzled local enterprises who intend to enter the market.

Some enterprises said, "for Quanzhou enterprises with prudent investment small trading volume, 5-10 tons of futures contracts are relatively easy to accept.

" This wish is expected to be realized this year.

Due to the large scale of methanol futures contract, the trading volume of Quanzhou last year was only several thous.

The staff of Jinjiang Business Department of Jinyou futures explained that "the large contract unit is the main factor restricting the participation of Quanzhou methanol enterprises traders.

" At present, the target of methanol contract is 50 tons / h.

If the futures price is 3000 yuan / ton the margin is 10%, the first-h contract needs 15000 yuan.

The high capital threshold obviously reduces the enthusiasm of some traders production enterprises to participate.

It is understood that at the 2014 China methanol market analysis meeting held by Zhengzhou commodity exchange a few days ago, according to market suggestions, Zhengzhou Commodity Exchange will make corresponding adjustments in methanol futures contract units, methanol delivery warehouse layout, methanol upgrading discount.

"In order to meet the current habits of traders, it is hoped that the exchange would better change the contract unit to 10 tons / h.

Because the truck transportation is 35 tons per vehicle 70 tons for two vehicles, according to this transportation habit, the contract of 10 tons / h is the most suitable operation in the actual delivery. " Mr. Zhang, head of a trading company in Quanzhou, expressed his views.

Reducing the risk of price fluctuation "methanol contract is expected to be adjusted this year, which is a good thing for spot enterprises.

" Xu Rongbin, manager of Jinjiang Business Department of Jinyou futures, said that after the unit of methanol futures contract is reduced, the risk will be reduced accordingly, which will be more attractive to domestic traders with large purchase volume, their participation will be further improved, the hedging function of methanol futures can be better played.

"Judging from the current turnover of methanol market in our city, the profit margin of capital is not high.

If the exchange amends the contract, it may attract more capital from local enterprises enhance market liquidity.

" At the same time, it will also increase the risk aversion of the spot capital chain, which will also provide greater risk aversion for the industry.

After the good news that the scale of methanol futures contract will be reduced, the price of methanol has stabilized recently, which is also conducive to Quanzhou enterprises.

Author: Wang Yu.


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TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals and Nanomaterials. The nitride powder produced by our company has high purity, fine particle size and impurity content. Please contact us if necessary.
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