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Sanyou Chemical announced that in order to avoid the risk of price fluctuations of products and raw materials, the company plans to launch a commodity futures hedging business. The hedging business is expected to use no more than 900 million yuan in transaction security deposits and premiums. The maximum contract value held on any trading day will not exceed 2.6 billion yuan. The amount can be recycled, and the funds are own funds. The transaction period is 12 months from the date of review and approval by the shareholders' meeting. The trading varieties include soda ash, caustic soda, etc. The company has formulated risk control measures, and the hedging business helps enhance operational and financial soundness. The bill has been reviewed by the 1st board meeting of the 10th session and will be reviewed at the 2026 3rd Extraordinary General Meeting of Shareholders to be held on August 25.
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Sanyou Chemical announced that in order to avoid the risk of price fluctuations of products and raw materials, the company plans to launch a commodity futures hedging business. The hedging business is expected to use no more than 900 million yuan in transaction security deposits and premiums. The maximum contract value held on any trading day will not exceed 2.6 billion yuan. The amount can be recycled, and the funds are own funds. The transaction period is 12 months from the date of review and approval by the shareholders' meeting. The trading varieties include soda ash, caustic soda, etc. The company has formulated risk control measures, and the hedging business helps enhance operational and financial soundness. The bill has been reviewed by the 1st board meeting of the 10th session and will be reviewed at the 2026 3rd Extraordinary General Meeting of Shareholders to be held on August 25.
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