大连商品交易所原木期货和期权上市一周年 市场运行稳健|伊人久久综合色
中新网大连11月18日电 (记者 杨毅)大连商品交易所18日发布消息称,原木期货和期权分别于2024年11月18日和19日在大商所上市。上市一年来,原木期货和期权市场运行稳健,功能逐步发挥,产业客户积极参与,在服务企业管理价格风险、促进现货贸易标准化规范化发展等方面发挥了重要作用。
作为重要的林业资源之一,原木在相关产业中占据着关键地位,现货产业的风险管理和定价需求也为原木期货和期权的稳起步奠定了坚实的基础。
一年来,原木期货和期权成交持仓规模稳步增长,其中原木期货累计挂牌8个合约、原木期权累计挂牌164个合约,二者合计成交约787万手,成交金额约4640亿元,日均成交约3.24万手,日均持仓约5.34万手。其中,LG2507和LG2509合约已到期,共计完成交割1412手,折合原木现货约12.71万立方米,对应总货值约1.04亿元。
从价格走势来看,原木期货与现货均呈现先涨后跌的态势。今年以来,原木期货主力合约下跌约7.5%、CFR报价下跌约8.3%,辐射松4米中A现货均价下跌约5.3%,期现价格联动性逐渐增强,原木期货价格发现功能日益显现。
对于原木期货上市首年的运行情况,中信建投期货农产品高级研究员陈家谊表示,原木期货价格较好地反映了市场供需基本面的变化。上市初期,由于适逢传统消费淡季,且现货市场下游需求疲软,期货价格理性回落,与山东、江苏等基准地现货价格保持了高度联动。进入2025年后,期货价格对宏观预期、进口到港量、港口库存变化及季节性因素均能做出较为灵敏的反应。
值得一提的是,原木期货还为我国林业的高质量发展注入了新动能。据陈家谊介绍,现阶段我国国产木材市场存在透明度较低、信息不对称、定价机制模糊等问题,且多采取“打包销售”的模式,并不细致划分径级等规格,价格的真实和公允难以得到保障。而原木期货上市以来,西南地区部分国储林建设企业以及林农已经开始尝试参考交割标准进行口径、材长上的分级和报价,还有的资讯机构也开始搭建国产材数据库,逐渐覆盖西南地区国产原木的库存、出货量、运费等数据,有效推进国产原木市场的规范化、透明化进程。(完)
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