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随着中国“入世” 日益临近,国家对于期货的相关政策有所回暖。在此大好环境下,上海期货交易所的期货铝交易量近期登上了一个新台阶,一改以往交投清淡的状况,达到日成交量7.5万吨、总持仓23万吨左右的水平,且出现0109合约至0202合约齐头并进的大好局面,许多厂家近期又重回期货市场。但与LME期货铝成交量及持仓量相比,国内期货市场还有很大差距,还不能反映我国铝行业的规模。 一、铝企业参与 套期保值的重要性 今年5月份在伦敦3月期铝(以下简称LALT)交易重心逐渐向下跌破1530美元/吨的近
As China’s “accession to the WTO” draws closer, the state’s policies on futures have been somewhat warmer. In this excellent environment, the Shanghai Futures Exchange futures trading volume of aluminum futures recently boarded a new level, changing the previous light trading conditions, reaching a daily volume of 75,000 tons, the total position of about 230,000 tons, and There 0109 contract to 0202 contract go hand in hand a good situation, many manufacturers have recently returned to the futures market. However, compared with LME futures aluminum volume and open interest, the domestic futures market still has a long way to go and it still can not reflect the size of China’s aluminum industry. First, the importance of aluminum enterprises to participate in hedging May May this year, London March Aluminum (hereinafter referred to as LALT) trading center of gravity gradually fell below $ 1,530 / tonne