The world's largest plastic futures market is made

The "2009 China Plastics Industry Conference" jointly organized by Dalian Commodity Exchange and China Petroleum and chemical industry association will be held in Hangzhou on June 27. Recently, I interviewed the relevant person in charge of the Industrial Development Department of Dachang Institute on the relevant situation of the conference. The person in charge said that Dachang Institute has become the world's largest plastic futures market in the existing experimental machine parts design manual. The purpose of holding this conference is to further deepen the expansion and service of the futures market to the petrochemical industry and promote the steady development of industries and enterprises

the person in charge of the Industrial Development Department of Dachang exchange said that unlike the traditional bulk agricultural products, energy, metals and other industrial products futures, plastic futures are also the futures varieties introduced in recent years in the international futures market. The development of China's plastic futures market can basically be said to be synchronized with the international market, but the development speed of the domestic market is much higher than that of the international market. In less than two years, Dachang exchange has become the largest plastic futures market in the world. The monthly trading volume and turnover of LLDPE futures of the big commercial exchange this year reached 46.2353 million hands and 2.081 trillion yuan respectively, with a year-on-year increase of 4708.20% and 2933.47% for screw rods, ranking first in similar varieties in the world; The trading volume and turnover of the high-precision microcomputer controlled pressure testing machine developed by Jinan Shijin specialty in the first ten trading days of PVC futures reached 1.03 million hands and 34.9 billion yuan respectively, and set a record of 382000 trading volume and 66000 positions on June 9. It maintained a high activity in less than a month after listing, This reflects the investment value and market confidence in this variety, which is only applicable to the testing and inspection of a large number of samples or products

the person in charge said that in order to further deepen the expansion and service of the futures market to the petrochemical industry, exchange and analyze the current petrochemical market situation, promote enterprises to change their business concepts, adapt to the new market and industrial situation, and promote the steady development of industries and enterprises, the big commercial Institute and the China Petroleum and Chemical Industry Association jointly held the "2009 China Plastics Industry Conference". It is understood that with the approaching of the conference, the registration is very popular. At present, the number of participants has been nearly 500, which is much higher than expected. Among the participants, more than 60% of the spot enterprises registered, indicating that after experiencing the impact of the financial crisis, the continuous enrichment of plastic futures varieties and the use of demonstration effects by some enterprises, more and more spot enterprises have a deeper understanding and more expectations for the futures market

it is reported that the conference has 9 keynote speeches, 2 sub venues and 3 forums. Topics include macroeconomic situation, China and global plastic market situation, analysis of industrial development pattern, plastic futures market, enterprise operation and risk management in the new era, etc; In view of the new situation of market development, the conference added two sub forums of polyvinyl chloride (PVC) and polyolefin (PP, PE) to carry out in-depth exchanges and discussions on the markets of polyvinyl chloride (PVC) and polyolefin (PP, PE). At the same time, a forum of "risk management in raw material procurement and product sales of petrochemical enterprises" was established to focus on the thematic discussion of modern business strategy and risk management of petrochemical enterprises under the new situation

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