Our futures market adds new variety of transaction.CSRC(China Securities Regulatory Commission)released that Zhengzhou Commodity Exchange is approved to deal with glass futures trade.When the preparation work and related procedure is done,CSPC will officially authorize Zhengzhou Commodity Exchange doing glass futures.
Glass is an important basic industrial row material which is mainly applied on construction,decoration,automobile manufacture and other sectors.China is the largest manufacturing basis on the world and it accounted more than half of the global production.According to the statistics,the flat glass production on 2011 is 39.25 million tons.Counted as those years'average price 1600 yuan/tons,the annual output value is more than 60 billion yuan.The glass import on 2011 is about 0.223 million tons and the export is about 2.004 million.
According to expects'analysis,due to the lack of authorized guide and management,China glass's production,circulation and consumption is confronts with great market risk.The price can't keep stable.To operate glass futures is in urgent.
To carry out the glass futures trade helps to optimize glass price formation system,guiding the upstream and downstream enterprises to manage their production and sale soundly.It is also a risk control approach with low cost and high efficiency for the glass production/trade and consumption enterprises.in addition,it promotes the national policy implementation.
