** Market is an important way to compete for commodity pricing power

The China Securities Regulatory Commission recently announced that it has approved the listing of lead** contracts on the Shanghai Stock Exchange. At this point, copper, aluminum, zinc, lead four non-ferrous metals gathered in the domestic market. The listing of lead** has not only enriched domestic brands and played a role in finding and guiding prices, but also provided more spot enterprises with the need for related hedging business, and played an important role in improving domestic pricing power and serving the national economy. .

After years of development, the varietal market system in China continues to improve. Currently listed varieties include copper, aluminum, zinc, gold, rebar, wire rod, fuel oil, and natural rubber that are listed on the Shanghai Stock Exchange, and Soybean No. 1 and Soybean No. 2 that are traded on the Dalian Commodity Exchange. , corn, soybean meal, soybean oil, palm oil, polyethylene, polyvinyl chloride, ale, hard wheat, cotton, sugar, PTA (pure terephthalic acid), rapeseed oil, and early indica rice traded on the Zhengzhou Commodity Exchange . In addition, there is the CSI 300 Index** launched on the China Financial Exchange.

In spite of this, China's breed still needs to be continuously enriched.

The Securities Regulatory Work Conference this year proposed to “actively improve the listing mechanism for new varieties and actively promote the listing of commodity varieties that are available.” Today, lead** will start trading on March 24 (Thursday), and there is news that the coke ** may also be announced in recent days. In this way, our country's breed will become more and more abundant.

In recent years, China’s demand for energy and bulk raw materials has been growing. As a result, it has become an important consumer of international bulk commodities. However, it has also brought about some negative impacts. For example, due to lack of the right to speak in the international pricing of commodities, Subject to people. In addition, the openness of China's ** market is relatively low. Although certain international influences have been achieved on certain varieties, the overall discourse power on commodity pricing remains low.

Therefore, China needs to gradually enrich its varieties, so that China will gradually enter the era of ** dividends. Developed countries use the global ** pricing system to put their generous bonuses into their pockets and become their own patents. Developing countries have no pricing power and they are all exploitative. The development of China’s ** today needs to start a new era of sharing China’s dividends, which means that the weight of China in the global pricing system will increase. To compete for the pricing power of bulk commodities, China is bound to challenge the pricing systems established in Europe, America and other countries. At present, establishing a market that is in line with international standards is the only way to compete for the pricing power of commodities.

This year, in the national “**”, the representative committee members proposed “recovering the national debt*” and “proactively and steadily launching options trading”, which expressed the voice of the industry. In the future of variety innovation, it is still expected to introduce more varieties, such as crude oil, coal, pigs, iron ore, etc.

In addition, the introduction of these new varieties of ** will attract more funds into the ** market and increase market volume. The more robust the market, the stronger the desire of investors to invest.

For the next step ** market development, from a strategic point of view, we should actively expand ** market space in three areas, in the commodity **, should continue to introduce crude oil, commodity oil, electricity, coal and other options and options, finance **The introduction of index **, national debt **, the climate to launch carbon emissions, weather, temperature **, natural disaster ** options.