At 9:00 on November 27, pulp futures were officially listed on the Shanghai Futures Exchange (hereinafter referred to as the previous issue). According to industry insiders, domestically marketed pulp futures are expected to form a stable mechanism for prices and enhance the voice of domestic buyers on pulp prices. Pulp futures are trading at a low level It is understood that the delivery of pulp futures is bleached sulphate softwood pulp, trading code "SP", a total of six contracts involved in the first day of trading, SP1906, SP1907, SP1908, SP1909, SP1910, SP1911. The benchmark price of the contract is 5980/ton, the trading unit is 10 tons/hand, the minimum price is 2/ton, the price limit is 3%, the minimum trading margin is 4% of the contract value, and the delivery unit is 20 tons. Only one hour on the opening day, the pulp futures contract SP1906 volume exceeded 220,000 contracts, and the total transaction volume of all contracts was close to 228,000 contracts, which was very active. From the price point of view, pulp futures showed a low opening and low trend, the main contract SP 1906 opening price was 5828 / ton, the intraday decline once exceeded 7%. Pulp futures are expected to stabilize prices and favor paper companies The paper industry uses pulp as raw material and is the basic raw material industry in China. Since its development, the entire industrial chain has formed a pattern of upstream pulp manufacturing, midstream papermaking and downstream paper products manufacturing. The upstream involves agriculture and forestry, and the downstream involves In the packaging, printing and consumer industries of paper-like products, the industrial chain is long and the commodity circulation links in the pulp market are numerous, so the fluctuation of pulp prices is more disturbing to the operation of the industrial chain enterprises. "After the listing of pulp futures, the new amount of non-industrial funds may enter the market, may gradually weaken the industrial logic, and then compete for the pricing power of the US long-term disk, and gradually become futures pricing in the future." Senior futures market analysts told China In the paper industry, in the actual operation, papermaking enterprises can use pulp futures to manage raw material risks and smooth the fluctuations caused by fluctuations in raw material prices to the profit side of enterprises. “Pulp and paper futures is a relatively new business idea for us, and we are still learning to understand its market rules.†A paper mill official said that paper companies need to be compliant and risk-controlled. Go to adapt. Pulp futures help environmental protection enhance voice The data shows that in 2017, China's wood pulp consumption was 31.52 million tons, of which the apparent consumption of bleaching needle pulp was 8.15 million tons, accounting for 23.9%. However, due to policy and forest land resources restrictions, the amount of bleaching needles required by the domestic market is high. Dependent on imports. In 2017, the import of bleaching needle pulp was 8.13 million tons, and the import dependence was close to 100%. At present, the current port pulp inventory is relatively high, in the historical high range, and the destocking pressure is relatively high. According to industry insiders, as far as the company itself is concerned, listed pulp futures can not only reduce the risk of papermaking enterprises, but companies can choose to establish virtual stocks in the futures market, lock in raw material costs or throw them out, prevent raw material depreciation, and change trade patterns. The combination of bilateral operations will change the simple and intuitive gambling of the market, reduce the risks of traders, and may obtain additional income, increase the participation of traders, and strengthen the voice of domestic buyers on pulp prices. "I hope that after the pulp futures are listed, it can give full play to the advantages of its price discovery, help establish the market-recognized pulp price, and contribute to the sustainable development of China's paper industry." Zhao Wei, chairman of the China Paper Association. The listing of pulp futures is of great significance for objectively reflecting the changes in supply and demand in China and the global pulp market, assisting the implementation of national forest protection policies and environmental protection policies, enhancing the international influence and voice of China's pulp and paper products, and guiding the steady and healthy development of the paper industry. Responsible editor: Ge This article is original for China Paper Network Information Center. If you need to reprint, please indicate the source. This website reserves the right to pursue the investigation. Article source address: http:// Pet Housewares,Slicker Brush For Dogs,Cat Detangler Brush,Pet Comb For Cats DongGuan Lucky Pet Products Co., Ltd. , https://www.dgpetproducts.com