The main purpose of plastic futures is to help enterprises and investors in the plastic industry chain avoid the risk of price fluctuation. Due to the influence of supply and demand, economic environment, policies and regulations, plastic prices fluctuate greatly. By participating in plastic futures trading, enterprises and investors can lock in future buying or selling prices, thus reducing the risk of price fluctuations.
Plastic futures contracts mainly include the following elements:
1. Trading varieties: plastic varieties specified in futures contracts, such as polyethylene (PE) and polypropylene (PP).
2. Trading unit: the quantity of plastics represented by each futures contract, such as 5t/hand,10t/hand, etc.
3. Quotation unit: the price unit specified in the futures contract, such as RMB/ton, USD/ton, etc.
4. Minimum price change: the minimum price change unit specified in the futures contract, such as 1 yuan/ton, 0.5 yuan/ton, etc.
5. Contract month: the contract expiration month specified in the futures contract, such as 65438+ 10, February, March, etc.
6. Last trading day: the last trading day stipulated in the futures contract, that is, the date when the buyer must buy or the seller must sell the futures contract.
7. Delivery grade: the quality grade of plastic that can be delivered as stipulated in the futures contract, such as national standard I and national standard II.
8. Delivery place: the physical delivery place of plastics specified in the futures contract, such as ports and warehouses.
9. Trading time: the trading time period specified in the futures contract, such as 9: 00 am-165438+0: 30 pm, 13:30-65438+ 05:00 pm.
Plastic futures traders mainly include manufacturers, traders, investment institutions and individual investors. They buy and sell plastic futures contracts through futures exchanges in order to profit from price fluctuations. It should be noted that futures trading has high risks, and participants need to have certain professional knowledge and risk tolerance.