In the first month of listing, the consolidation index (European line) futures operated steadily, with a cumulative transaction amount of 245.344 billion yuan

Release time:Apr 16, 2024 21:53 PM

Recently, the reporter learned from the Shanghai Futures Exchange that since the listing of the Jiyun Index futures varieties for a month, the overall operation has been stable.

On August 18, 2023, the Shanghai Futures Exchange successfully listed consolidation index futures. From the operating situation, as of the close on September 15th, the consolidated transportation index futures have been running for a total of 21 trading days, with a cumulative trading volume of 5.397 million lots and a cumulative trading amount of 245.344 billion yuan; The closing position was 46500 lots, an increase of 189.28% compared to the first day of listing.

At present, 15 market makers have been introduced to the consolidation index futures market, gradually exerting their market making functions and promoting the reasonable formation of market prices. From the perspective of contract structure, the operation of various contracts in the consolidation index futures follows the characteristics of the spot market during the off peak season, with a reasonable term structure, a steady increase in holdings, and enhanced market stability.

Zhang Mingyin, General Manager of Zhejiang Sibang Industrial Co., Ltd., believes that the shipping market is seen as a barometer of global trade and has strong macro attributes. As a global manufacturing and shipping powerhouse, the container transportation industry is an important cornerstone for China's economic development and international trade. The consolidation index futures can help shippers accurately manage price risks, formulate reasonable procurement and sales plans, and stabilize enterprise production and operation. Sibang Industry will further explore the application scenarios of consolidation index futures, playing an important role in hedging, price discovery, and resource allocation.

Zhang Hao, Chairman of CITIC Futures, stated that the consolidation index futures have brought great help to the healthy and stable development of the container transportation industry, and will play a prominent role in discovering prices and avoiding risks. At present, industrial clients have a high level of attention to consolidation index futures, and some industrial clients have participated in trading. Due to the many innovations in the pricing logic, trading strategies, and other aspects between the consolidation index futures and previous commodity futures, market parties are still gradually exploring. It is believed that in the future, as market awareness gradually matures, industry participation is expected to continue to increase. CITIC Futures will also continuously strengthen its analysis and research on the shipping market, continue to provide investor education, and leverage its advantages in serving the risk management of shipping industry chain enterprises.

The relevant person in charge of the Shanghai Futures Exchange stated that in the next step, the exchange will continue to do a good job in the stable operation of the consolidation index futures, help the market function gradually play, and continue to carry out market promotion and training work. At the same time, closely monitor the market operation status, timely optimize the rules of the consolidation index futures contract based on feedback from all parties in the market, strive to meet the risk management needs of the container transportation industry, and better serve the development of the real economy.

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