Sunflower oil futures and options listed on the market

China News Service, Zhengzhou, November 12 (Reporter Kan Li) Sunflower oil futures and options were officially listed on the Zhengzhou Commodity Exchange (Zhengzhou Commodity Exchange) on the 12th, and night trading began that night.

As the fourth largest edible vegetable oil variety in the world and the fifth largest in China, sunflower oil is an important part of China's diversified supply system of oils and fats and is related to national grain and oil security.

Gao Wen, secretary-general of the China Vegetable Oil Industry Association, said at the listing ceremony that sunflower oil futures and options have completed an important part of the domestic oil derivatives sector puzzle. The futures market will provide an open and transparent price reference for the industry, and help real enterprises smooth various risks in the business cycle by promoting the popularization of mature models such as basis trade and rights-based trade.

On November 12, sunflower oil futures and options were listed on the Zhengzhou Commodity Exchange in Zhengzhou, Henan. Photo by China News Service reporter Kan Li

Zhu Lihong, chairman of the Zhengzhou Commodity Exchange, said that the listing of sunflower oil futures and options not only meets the diversified and precise risk management needs of oil and oil companies, but also cultivates and forms a benchmark price for sunflower oil, promotes the transmission of domestic supply and demand signals to the international market, and can also better leverage the unique advantages of sunflower oil and other mainstream oil products whose import sources do not overlap with each other and whose transportation routes complement each other.

Li Nan, president of the COFCO Futures Research Institute, believes that the simultaneous listing of sunflower oil futures and options has further enriched the sequence of risk management tools in the oils and oils industry chain. At the industrial application level, futures tools help real companies solve basic directional risks, while options provide more flexible and sophisticated strategic choices.

Fang Gang, assistant general manager of Zhejiang Grain Group Co., Ltd., said that in the future, companies can lock in sales profits in advance through the futures market when goods are shipped and shipped, turning long-distance transportation risks in transit into controllable basis risks. At the same time, it can also effectively reduce the bargaining costs of the industrial chain.

Since the launch of rapeseed oil futures in 2007, the fats and oils sector of Zhengzhou Commodity Exchange has developed to 9 varieties. (over)