On October 13, Wang Yufei, deputy general manager of the Dalian Commodity Exchange, said at the 19th International Grease and Oil Conference and the Black Industry Forum that on the basis that major traders were already proficient in using futures tools in the early stages, more and more steel companies are deeply embracing the futures market in recent years. The “price-locked long single policy” changed from case to case, base margin trading became the norm, futures gradually became the basis for production scheduling, the basis for procurement, and the anchor of sales, and risk management was more closely integrated into business operations. This year, coking coal options and coke options were launched one after another. The core varieties of coal coke mines have achieved full coverage of “futures+options”, the risk management toolbox is more complete, and derivatives are increasingly becoming a “safe haven” for industrial enterprises to withstand market ups and downs and protect business results.

On October 13, Wang Yufei, deputy general manager of the Dalian Commodity Exchange, said at the 19th International Grease and Oil Conference and the Black Industry Forum that on the basis that major traders were already proficient in using futures tools in the early stages, more and more steel companies are deeply embracing the futures market in recent years. The “price-locked long single policy” changed from case to case, base margin trading became the norm, futures gradually became the basis for production scheduling, the basis for procurement, and the anchor of sales, and risk management was more closely integrated into business operations. This year, coking coal options and coke options were launched one after another. The core varieties of coal coke mines have achieved full coverage of “futures+options”, the risk management toolbox is more complete, and derivatives are increasingly becoming a “safe haven” for industrial enterprises to withstand market ups and downs and protect business results.