Accelerating the pace of listing styrene and other products

The person in charge said that as the second plastic chemical product listed by big commercial firms after LLDPE futures, the listing of PVC futures further improved the variety system of synthetic resin futures in China, provided low-cost and high-efficiency risk management tools for relevant enterprises, and at the same time optimized the price formation mechanism of PVC, which was conducive to the rational arrangement of production and economy of upstream and downstream enterprises. Battalion. Since the listing of PVC futures, the major firms have continuously improved the optimization of contract rules according to the spot market conditions. On the basis of in-depth demonstration and extensive consultation in March 2015, the original recommended brand delivery system has been adjusted to the delivery registered brand system, which further clarifies the subject matter of delivery and enhances the representativeness of futures prices. At present, 13 registered brands, including 5 exempt brands, have been announced by major firms, all of which are mainstream brands with high market recognition and large production and sales volume. Since the implementation of the delivery registration brand system, 29.2 million hands have been delivered, equivalent to 146,000 tons of spot. The implementation of the delivery registration brand system has improved the market participants'recognition and participation in PVC futures, and achieved good results.