On October 13, Wang Yufei, deputy general manager of the Dalian Commodity Exchange, said at the 19th International Oil and Fat Conference and the Black Industry Forum of the Agricultural and Livestock Industry Conference that price influence is steadily increasing. In recent years, large commercial firms have closely followed changes in spot prices, continuously optimized delivery quality standards and increased discounts, and futures price representation continued to rise. In terms of iron ore, focusing on changes in mainstream ore quality, large commercial firms took the lead in lowering the standard iron grade of futures products from 62% to 61% to proactively adapt to changing industry trends and spot pricing requirements. Since then, mainstream spot indices at home and abroad have also been adjusted one after another, and futures pricing benchmarks have been further linked. Currently, reference futures pricing in port spot trade has become industry practice. In terms of coking coal, futures prices have been included in Changxie Coal and Steel's linked floating value calculation, and have become a pricing reference for some leading coal companies. Futures prices are becoming a “weather vane” that upstream and downstream enterprises can see, trust, and use.
Zhitongcaijing · 2d ago
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On October 13, Wang Yufei, deputy general manager of the Dalian Commodity Exchange, said at the 19th International Oil and Fat Conference and the Black Industry Forum of the Agricultural and Livestock Industry Conference that price influence is steadily increasing. In recent years, large commercial firms have closely followed changes in spot prices, continuously optimized delivery quality standards and increased discounts, and futures price representation continued to rise. In terms of iron ore, focusing on changes in mainstream ore quality, large commercial firms took the lead in lowering the standard iron grade of futures products from 62% to 61% to proactively adapt to changing industry trends and spot pricing requirements. Since then, mainstream spot indices at home and abroad have also been adjusted one after another, and futures pricing benchmarks have been further linked. Currently, reference futures pricing in port spot trade has become industry practice. In terms of coking coal, futures prices have been included in Changxie Coal and Steel's linked floating value calculation, and have become a pricing reference for some leading coal companies. Futures prices are becoming a “weather vane” that upstream and downstream enterprises can see, trust, and use.
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