1, hedging to avoid the risk of price fluctuation.
2. If the output is large enough, the company will have the right to speak on methanol pricing.
3. Improve corporate visibility.
4. Broaden the sales channels of enterprises.
Second, the detailed analysis:
The downstream demand of methanol is undergoing structural adjustment, and the emerging demand such as methanol gasoline is gradually increasing. The introduction of methanol futures will cover the industrial chain in a wider scope and provide hedging tools for methanol enterprises. For enterprises, the futures market can be divided into buying hedging and selling hedging. For enterprises that produce formaldehyde, they are worried about falling market prices and should sell them to preserve their value; For enterprises that purchase formaldehyde, they are worried about rising market prices and do buying hedging.
Of course, the futures market has other functions, such as price discovery. The listing of methanol will definitely increase the financial properties of methanol, so it will lead to more frequent fluctuations in methanol prices than before. Therefore, in the next few years, as long as the global formaldehyde production operating rate is around 84.0%, the balance between supply and demand can be maintained, and China needs to be cautious when building new production facilities. In Asia, there are many production devices, but the capacity of the devices is generally lower than that of North America and Western Europe, and their competitiveness is relatively weak. At present, optimizing domestic production capacity is very stressful for small enterprises.
Three. abstract
1. Lock in the cost of methanol production and realize the expected profit.
2, the use of methanol futures price signal, organize spot production.
3. Expand the spot sales and procurement channels of methanol in the futures market.
4. Futures market urges enterprises to pay attention to the quality of methanol products.
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