Bicephalous fasten is worn of red silken belt " 2 senior fellow apprentice " conspicuous all the more, added energy of life of a few happy event for the spot, this is breed of futures of complete a business transaction of first live body of countrywide. Companion rings as gong, hog futures succeeds in place of Dalian town big business today appear on the market trade.
Meeting vice-chairman Fang Xinghai shows Chinese card watch, hog futures tastes futures of pasturage of farther fill our country kind of blank, dregs of rice with corn, beans wait for futures period to counterpoise one case, form from cultivate, the system of tool of price risk management that processes breed aquatics whole industry chain, the industrial dimensions that can serve amounts to several yuan, be helpful for promoting pasturage aquaculture health to develop.
Yesterday evening, big business place announced hog futures first hanging out one's shingle of 3 agreement LH2109, LH2111, LH2201 hang out one's shingle fiducial price. Nevertheless, from the point of first days of prices, brunt agreement drops extent exceeds 12% , among them LH2111 agreement closing quotation drops stop. To this, the expert warns investor when accepting bureau of red star capital to interview, spot price represents current supply demand relations, futures price represents the prospective supply demand relations that the market forecasts, investor must invest cautiously.
Reason:
Dimensions 2 trillion, the market appeals " risk tool "
Ran Hua of secretary of Party committee of Dalian Commodity Exchange, director tells red star capital bureau, live pig is our country value is the greatest farming by-product, our country live pig gave column to measure about 544 million 2019, market dimensions already was achieved 2 trillion the left and right sides, 43% what breed dimensions to take the whole world, industrial catenary involves feed a lot of industry such as treatment of vaccine of drug of treatment, animal, butcher, food, content shedding, retail, meal.
In the meantime, live pig industry is one of pillar industries of our country agriculture and rural economics, with " 3 farming " closely related, its stabilize development is to realize countryside to revitalize the strategy and consolidate the important grasper of achievement of deficient assault fortified positions. "According to statistic, at present hoggery amount exceeds our country 67 million, butcher company number makes an appointment with 14 thousand, the enterprise such as feed thousands of, number of obtain employment of relevant industry catenary exceeds 100 million people. " Ran Hua expresses.
"Nevertheless, long-term since, price of our country live pig is fluctuant and acuteness and frequent, to raise breed door and industrial company production to manage bring huge uncertainty, profit is stabilized hard, the market manages the cry step up of the tool to rolling out relevant risk. " according to divulging, be in early 2001, big business place started hog futures research and development. "20 years, industry of our country live pig produced the change of world-shaking. " Ran Hua thinks, once perplexed standard of quality of diversity of breed of live pig merchandise on hand, lack, complex, controversy mediates flow of live body complete a business transaction to wait for major task hard, it is mature to accompany those who follow an industry to expand, and a series of system innovation and support of science and technology are able to solve effectively, appear on the market for what give birth to hog futures offerred real possibility.
Ran Hua thinks to analysis of bureau of red star capital, after hog futures appears on the market, will offer for the market open, transparent consult with successive price, be helpful for breeding an enterprise to optimize resource configuration, reasonable control to breed dimensions, promote whole industry health to develop.
In addition, qin Yinglin of president of herd former group points out, hog futures professional enters live pig industry, can alleviate labour pains of enterprise hog cycle, avoid is produced and run a risk, let more people that raise a pig be benefited, also can stabilize market supply at the same time, let more consumer be benefited.
Window:
Enhance bargain ability, two plain look forward to are entered bureau
Be in early on January 5 when, dalian Commodity Exchange was released " the announcement that concerns item about business of hog futures complete a business transaction " , made clear area of complete a business transaction, area to rise agio, appoint the information such as storehouse of complete a business transaction.
Bureau of red star capital notices, this the largest window is Sichuan also is brought into area of complete a business transaction, designate the live pig group that there are two Sichuans in list of storehouse of complete a business transaction, it is new hope respectively 6 with Inc. and Sichuan Inc. of group of food of De Kangnong herd.
Supervisory management board of Sichuan province banking also released information to give on official website today affirm. This bureau points out, sichuan province brings into area of hog futures complete a business transaction, it is to fulfil Sichuan to save government and big business place to sign " strategic cooperation agreement (2020 edition) " significant move, farther play finance is derived taste a tool to save contemporary agriculture in service Sichuan " 10+3 " the main effect of industrial system, the dimensions of industry of live pig of province of the Sichuan that help strength is changed, standardization and modernization.
According to discovery of survey of Dalian Commodity Exchange, into the De Kangnong of the bureau this Mu Hexin hopes to gave column to be 1.5 million respectively last year, 3.55 million.
So, what will mean again to entering two of the bureau plain look forward to?
China period achieve, Chengdu investment limited company, China subsidiary of futures risk management derives Zhang Yiwei of the controller that taste a ministry to think when accepting bureau of red star capital to interview on the west, two plain look forward to will enhance its bargain ability. Specific for: The first, much a sale channel. "They besides can outside spot sale, still increased to undertake selling with the form of futures. " the 2nd, control cost, prevent effectively control a venture. "The biggest risk of spot sale is the uncertainty of the price. " Zhang Yiwei thinks, although the pig that two plain look forward to breed has not given column, but can shift to an earlier date through the form of futures now sale. "If at the appointed time the price of futures under spot price, they are handed in directly cut off, sell with the price of merchandise on hand again. " nevertheless, look in Zhang Yiwei, general situation, at the appointed time both price will be uniform, return the state of spot price of prep above of price of meeting occurrence futures even. "Such word, they came true to cover interest. They came true to cover interest..
Prices:
First days of entire troops under one's command drops the expert reminds " careful investment "
In light of the business detailed rules and regulations that releases according to big business place, hog futures contract uses objective complete a business transaction, trade code is LH, contract month is 1, 3, 5, 7, 9, November. Trade the unit is 16 tons / hand, quote unit is yuan (RMB) / ton. The smallest fluctuant price is 5 yuan / ton, trade instruction every time the largest amount issueing sheet is 50 hands.
In addition, of hog futures contract trade bail standard, go up drop stop board extent and the limitation that maintain a warehouse, according to " risk of Dalian Commodity Exchange runs way " relevant provision is carried out. Trade finally day trades the 4th times for contract month reciprocal day; Last prompt day trades the 3rd times in the future to trade finally day.
Additional, to assure option market move smoothly, big business place still was formed on system design " before buy management, simple complete a business transaction, multivariate mode, severe control a venture " the system system that give priority to.
Bureau of red star capital notices, yesterday evening, big business place announced hog futures first hanging out one's shingle of 3 agreement LH2109, LH2111, LH2201 hang out one's shingle fiducial price, it is 30680 yuan respectively / ton, 29680 yuan / ton, 28680 yuan / ton. Nevertheless, notable is, hog futures first hanging out one's shingle agreement of trading the closest month is in September agreement, namely what the market trades will be September 2021, in November 2021, January 2022 the price of the portion, and rather than is current market price case.
Appear on the market first trade day, up to closing quotation. Newest quote is LH2201 agreement 24140 yuan / ton, drop for 15.83% ; LH2111 agreement closing quotation drops stop, newest quote 24935 yuan / ton, drop 15.99% ; Newest quote is LH2109 agreement 26810 yuan / ton, drop 12.61% .
For this, zhou Zhengguo of advanced economy division thinks to analysis of bureau of red star capital, the function of option market is substaintial perhaps one of it is long-dated price discovery, such benefit forecast future at leading an industry, arrangement produces a plan, balance market supply demand relations. "In our market survey, of hog futures hang out one's shingle fiducial price anticipates in 30000 multivariate expectation too tall, 25000 yuan are to 28000 yuan in reasonable range. " look in Zhou Zhengguo, drop besides pork futures today outside, the stock market is whole pork board piece going weak. Zhang Yiwei thinks, today's prices accords with the market to anticipate.
"Because futures is of pair of future values forecast, the risk that so its invest is bigger than the stock market. " Zhang Yiwei and Zhou Zhengguo suggest, investor must careful.
● news is bit more:
Current, the bourse of the United States, Holand, Hungarian, polish, Europe and Korea has begun live pig kind breed futures trades. Among them, hog option market of the United States follows industry of merchandise on hand grows, experienced aspic flesh, live body and index early or late of 3 kinds of forms trade breed, show futures of index of price of pig of level lean lean to clinch a deal relatively active. Clinched a deal 2019 the quantity makes an appointment with 25 million hand.
Li Chen of Li Weiming of red star journalist
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