On October 29, 2020, the "2020 (the fourth) China Ferroalloy Industry Conference" was held in Hangzhou, sponsored by Zhengzhou Commodity Exchange (hereinafter referred to as "Zheng Shang Exchange") and co-organized by China Ferroalloy Industry Association and International Manganese Association. Representatives of more than 100 domestic industrial enterprises, trading companies, investment companies and risk management subsidiaries attended the conference, exchanging and discussing the development trend of ferroalloy futures industry and the new mode of industrial application of futures.
This conference covers the macroeconomic operation and impact on the black industry chain, the outbreak of the international market the influence, ferrosilicon, manganese silicon review market outlook, ferrosilicon, manganese silicon rules change situation, development situation, steel billet, the metallurgical quality of supply chain and the market situation aspects of content, seven ferrosilicon, manganese silicon industry base enterprise site share issue is combined with the experience. Billet futures Market symposium, China Ferroalloy Industry Association Silicon, manganese professional committee information communication meeting held at the same time.
Since the beginning of this year, due to the impact of the epidemic and other factors, the pressure on the inventory and capital of enterprises in the ferroalloy industry has increased dramatically, and the production and operation risks have increased. The relevant person in charge of Zheng Shangsuo introduced that zheng Shangsuo makes ferro-silicon and manganese-Silicon futures more close to the industrial demand and improves the ability of the futures market to serve the real economy by promoting continuous active contracts and revising rules and regulations. In order to meet the needs of ferroalloy enterprises to carry out risk management continuously, Zheng Shang Institute formulated a scheme of continuous active market makers. Since its implementation in April, the effect has been gradually shown. Among them, 8, 9 and 10 contracts for ferrosilicon futures became the main contracts at different times. In terms of rules and regulations, in view of the early operation of ferroalloy futures, Zheng Shang Institute further meets the hedging needs of industrial enterprises by adjusting the position limit. Increase the delivery of inspection-free brands, reduce the cost of enterprises participating in the futures market, and improve the traceability of goods quality; Set up the warehouse for the delivery of traders, improve the efficiency of warehouse receipt registration, etc.
Participants believed that the continuous active contract effectively enhanced the enthusiasm of industrial enterprises to participate in the futures market hedging and delivery; The establishment of the warehouse for the delivery of traders has effectively enhanced the activity of enterprises' current trade. By building new warehouses in the producing areas, the traders' warehouses act as a link between the producers and the delivery warehouses, which, on the one hand, solves the problem of capital turnover when the goods are not sold well, and on the other hand, facilitates the enterprises' extensive participation in the futures market.
