论文部分内容阅读
减排压力使得我国火电企业面临着自身发展的硬约束;煤炭市场化程度的提高,增加了燃料需求价格波动风险。对火电企业燃煤双因素变异风险进行分析,介绍了动力煤期货套期保值的基本逻辑原理,并提出了面对火电企业燃煤双因素市场变异风险的期货对冲策略模型。
The pressure of emission reduction makes the thermal power enterprises in our country face the hard constraint of their own development. The improvement of the degree of market-oriented coal increases the risk of price fluctuation of fuel demand. This paper analyzes the risk of coal-fired two-factor variation in coal-fired power plants, introduces the basic logic of hedging futures and puts forward a futures hedging strategy model facing the risk of coal-fired two-factor market.