Styrene and ethylene glycol swap business launched on the 20th

wallpapers Industry 2020-12-09

related chemical enterprises have hedging tools

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. Yesterday, Shanghai clearing house officially launched the clearing business of RMB styrene swap and ethylene glycol import swap in free trade zone.

it is understood that the styrene swap is based on the ex tank price of styrene in the East China Jiangsu market, which adopts cash delivery and RMB valuation and settlement; the ethylene glycol import swap in the free trade zone is based on the spot price of Imported Ethylene Glycol at the main ports in East China (excluding value-added tax and tariff), which is also delivered in cash, but is priced and settled in cross-border RMB. The reporter of

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futures daily learned from Shanghai clearing house that on the first day of its launch, the Shanghai clearing house undertook 14 styrene swaps and ethylene glycol import swaps in the free trade zone. The total styrene swap and ethylene glycol import swap were 16000 tons (bilateral) and 6400 tons (bilateral) respectively, and the clearing amounts were 148 million yuan and 34.1 million yuan respectively. The first styrene swap transaction of

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was concluded by Shanghai Yitong e-commerce Co., Ltd. for Nantong Chemical Light Industry Co., Ltd., Yuanda Products Group Co., Ltd. and founder products group (Shanghai) Co., Ltd., with a total of 60 csm0815 agreements, with a transaction volume of 6000 tons. The first ethylene glycol import swap transaction of

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was concluded by Shanghai Yitong e-commerce Co., Ltd. for Beijing Founder products group (Shanghai) Co., Ltd. and Xinwang international trade (Shanghai) Co., Ltd. a total of 20 fmeg0815 agreements were concluded, with a transaction volume of 2000 tons. In the past two years, crude oil price fluctuates violently, and styrene and glycol price fluctuate continuously. The introduction of styrene and ethylene glycol swap can help related chemical enterprises to avoid the risk of price fluctuation and realize hedging Shanghai clearing house related business head said.

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are not only that. Before the relevant futures products are listed, styrene and glycol swap can effectively concentrate the transactions and quotations of domestic styrene and glycol industry chain enterprises and institutional investors, promote the spot pricing to be more reasonable, and promote the formation of medium and long-term price index system. This will help to improve the trading quotation ability and pricing discourse power of Chinese chemical industry chain enterprises and institutional investors in international trade.

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according to the relevant person in charge of the Shanghai clearing house, the Shanghai clearing house will launch China's coastal coal forward freight agreement and RMB container swap clearing business in the fourth quarter of this year.


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