Yesterday, Zhengshang issued a notice that glass futures contracts will be listed for trading on February 23, 2019. The first batch of listed trading contracts are FG303, FG304, FG305, FG306, FG307, FG308, FG309, FG310, FG311, and each contract is listed on the benchmark The price is 1420 yuan/ton. The charging standard for glass futures trading fees is 3 yuan/lot, and the opening and closing fees for glass futures contracts will be halved for the time being.

The notice also announced the glass futures contract and related business rules, as well as the list of 13 designated glass delivery plants and two alternate delivery plants. The designated delivery factory warehouse will start the glass futures delivery business on December 3, 2018. The storage fee is 0.25 yuan/ton per day. The delivery fee, warehouse receipt transfer fee, and forwarding fee are all 1 yuan/ton.

Glass is an important basic industrial raw material, mainly used in construction, decoration, automobile manufacturing and other fields. my country is the world's largest producer of flat glass, and its glass output accounts for more than half of the world's total output. According to statistics, in 2017, my country's flat glass output was about 39.25 million tons. Based on the average price of flat glass of about 1600 yuan/ton in that year, the annual output value exceeded 60 billion yuan, which belongs to a larger variety. The domestic glass production in Hebei, Shandong, Guangdong, Jiangsu, Hubei and other provinces is relatively large, accounting for about 58% of the total output. In 2018, my country imported about 223,000 tons of flat glass and exported about 2.004 million tons.

Due to the lack of authoritative price signals to guide production and operation, and the lack of effective means to avoid the risk of price fluctuations, my country's glass production, distribution and consumption enterprises face greater market risks. To develop glass futures trading in China, one is conducive to optimizing the price formation mechanism of glass, guiding the upstream and downstream glass enterprises to rationally arrange production and operation, promoting the rational allocation of glass resources and the balance of supply and demand in the market, and the second is to provide glass He and consumer companies provide low-cost, high-efficiency risk control tools to promote the steady development of related industries. Third, it is conducive to promoting the implementation of the national glass industry policy by market-oriented means.