[ad_1]
Original title: The volatility of iron ore futures prices increases and the relationship between supply and demand of different minerals has changed. The industry is calling for the launch of dynamic iron ore bonuses and discounts
Summary
[La volatilità dei prezzi dei futures del minerale di ferro aumenta e l’industria richiede l’introduzione di premi e sconti dinamici per il minerale di ferro]A China Securities News reporter learned that the volatility of bulk commodity prices, including iron ore, has increased this year and that the supply, demand and price relationships of several minerals have changed. Industrial firms continue to demand the launch of dynamic rebates and rebates for iron ore. (China Securities Journal)
A China Securities News reporter learned about this this yearProductpriceIncreased volatility, changes in the relationship between supply and demand and the price of different minerals,industryenterpriseThere are constant demands for the introduction of dynamic iron ore premiums and discounts.
According to the reporter’s information, currently Daliantrading(Referred to as “DCOM”) continues to promote iron ore futuresBrandThe dynamic design of the rewards and discounts system combines the characteristics of the varieties of iron ore,loanBased on the experience of international exchanges, it extensively solicits industry organizations, industrial enterprises and other partiesopinionAnd suggestions and constantly optimize the design of the scheme.
High throw
On December 4, domestic iron ore futuresMain strengthThe contract exceeded 970 yuan / ton, a new high since the listing.
On October 26, 2020, the minimum contract was 756.5 yuan / ton, while the intraday high on December 4 was 974.0 yuan / ton, and the futures price was up 28.75%. During this period, there have been ten times to update the historical records.
A related researcher from Everbright Futures said that the six northern ports continued to decline this week, and each port’s inventory hasn’t changed much. Due to the rigid demand from steel mills and the expectation of winter supply, most ports are mainly reducing their inventory.ValleyIron ore production in 2021 is expected to be between 315 million and 335 million tons, which is less thanmarketThe expectations worried investors.
Relevant people of joint stock companies told reporters that this year, affected by various factors such as domestic and foreign epidemics, iron orePrice fluctuationsThe larger steel companies use futuresTool managementStrong risk requirements.In the first 10 months of this year, the legal entity of iron ore futurescustomerThe participation ratio is 49%,Year after yearIncrease 4 percentage points againstNon-ferrous metals, Energy, chemicals and other black products, iron ore has a relatively low unit price of goods, futuresWarehouseThe cost of goods and storage costs are relatively high in the value of the goodsDeliverySome companies are more sensitive to related costs, hoping to further reduce costs and improve convenience.
In this context, DCE has previously set and lowered the maximum price limits for the one-way fares of cars, trains and ships.According to experts, this move will reduce the delivery costs of industrial companies by 20% to 73%, support more steel companies to set up delivery factories and warehouses and will serve companies to participate in iron ore futures.PricesAnd risk management makes it easier for companies to participate in futures trading and delivery and improves the marketIndustrial servicecapacity.
A firm manager said that implementing a dynamic premium and discount system for iron ore futures brands will enable the futures market to timely reflect changes in the spot market and strengthen iron ore futures. .Discovery of the priceIt works, improves the quality of futures transactions and helps entity companies to better use futures tools to manage risk.
The exchange will promote the implementation of relevant systems as soon as possible
DCE’s chief commercial officer said DCE will promote the implementation of the dynamic rebate system for iron ore futures brands as soon as possible and will continue to improve the effectiveness of the futures market for service entities.
On December 3rd, DCE held a demonstration meeting on the dynamic premium and discount of iron ore futures brands in Xiamen. The responsible commercial manager of DCE presented the detailed plan and the latest developments of the dynamic system of rewards and discounts for future brands on iron ore. China Steel Association, Hegang, Valin, Ningbo Iron and Steel, Lu’an Iron and Steel, Jinding, Cargill, Hangzhou Relian,Xiamen international trade, Mysteel and many other steel manufacturing and trading companies eInformation agencyRepresentatives attended the demonstration meeting. All parties at the conference conducted in-depth exchanges on research advances and the design of the dynamic reward and discount system program for iron ore futures brands.
It is understood that the brand’s current dynamic rewards and discounts plan is becoming more and more perfect and has entered the final demonstration stage. In order to ensure the quality of spot price collection samples and improve the fairness of quotes, DCE intends to collect data from multiple entities such as consultancy agencies, platforms and designated delivery facilities for iron ore. Compared with the previous plan, each brand’s price collection positions are changed from the original Qingdao,Port of RizhaoExpand to the current full delivery port.In response to market demand, DCEPositioningIn the case of commodities with greater circulation, some minerals with lower market circulation are also dealt with in the plan, in order to increase the representativeness of futures prices based on the improvement in resistance to manipulation. DCE also further optimized the frequency of premium and discount adjustments in order to achieve a balance between dynamic adjustments as close as possible to market changes and stabilize market expectations.
(Source: China Securities Journal)
(Responsible publisher: DF522)
Solemnly declares: The purpose of this information released by Oriental Fortune.com is to disseminate more information and has nothing to do with this booth.
.
[ad_2]
Source link
