PTFE, PFA, FEP, PVDF Fluoroplastic products industry experts
Polypropylene futures contract unveiled at plastics conference
Classification:
Industry dynamics
Author:
Teflon tube little sister
Source:
Teflon tube little sister
Release time:
2013-07-30
Visits:
According to the Futures Daily, the approved polypropylene (PP) futures contract made its public debut at the "2013 China Plastics Industry Conference" on the 5th. The contract uses the largest consumption of narrow-band polypropylene as the trading target, and the trading unit is 5 Tons/hand, the minimum price change is 5 yuan/ton.
The price of polypropylene is closely related to the price trend of crude oil, propylene and other energy sources, and there are many factors influencing the relationship between supply and demand. In addition, because narrow-band polypropylene is mainly used for the production of industrial and agricultural products packaging woven bags, by the industrial economic cycle and weather, natural disasters and other factors, the year price fluctuations are more intense, the frequency of fluctuations is much higher than other resin varieties.
According to the relevant person in charge of DCE, in December 2001, the price of polypropylene once fell below 5000 yuan/ton. In June 2008, it rose to about 16800 yuan/ton, and the price more than tripled. Even in ordinary years, the price volatility of polypropylene is mostly more than 20%, industrial customers are facing great risk of price fluctuations, and the call for listing polypropylene futures is getting louder and louder.
According to reports, the domestic narrow-band polypropylene market size is moderate, more suitable for futures trading. In 2012, the consumption of narrow-band polypropylene in China was about 5.944 million tons, with a total value of about 66.5 billion yuan based on the monthly average price of 11200 yuan/ton.
The delivery areas of polypropylene futures will be distributed in consumer distribution centers such as Shanghai, Ningbo, Hangzhou, Changzhou, Guangzhou, Weifang and Linyi. The above-mentioned regions are the net inflow of polypropylene, the price is more representative, and most of them are also LLDPE and PVC and other varieties of delivery areas, logistics facilities are more perfect. Among them, the price changes of polypropylene in cities in East China, such as Shanghai, Ningbo, Hangzhou and Changzhou, often lead the price changes in other regions and will be used as the benchmark delivery place.
In view of the characteristics of polypropylene production and continuous consumption throughout the year, the exchange has set up 12 contract months for polypropylene futures month by month, and implemented a warehouse receipt system of centralized cancellation in March each year. Polypropylene futures set the same contract month as the listed LLDPE, PVC and PTA varieties, which is convenient for investors to arbitrage between varieties. At the same time, the minimum change price of 5 yuan/ton and the trading unit of 5 tons/hand are also consistent with LLDPE and PVC varieties.
The relevant person in charge of the DCE said that in the next step, the exchange will launch a series of market opinions and suggestions solicitation activities, and will strive to be listed as soon as possible after the contract is approved.
Key words:
Dankai Technology
Address: Area B, 4th Floor, Building 1, North Yongfa Science and Technology Park, Yanchuan North, Chaoyang Road, Songgang Town, Bao'an District, Shenzhen, China
Tel: +86-755-29979617 23127719 23127819
E-mail: dkt@szdankai.com
Focus on us
Copyright©2024 All rights reserved of Shenzhen Dankai Technology Co., Ltd.
