Leading traders join hands with upstream and downstream enterprises to build a risk "firewall" together.

Basis pricing, spot trading, options trading... Recently, a reporter from China Securities News learned that as the understanding of futures tools deepens, more and more petrochemical companies are starting to use futures tools to manage price risks with upstream and downstream enterprises. Taking Gansu Longchang Petrochemical Group Co., Ltd., which has been deeply involved in the industry for 29 years, as an example, the company has established a comprehensive trading model combining futures and spot trades. This not only effectively manages its own business risks, but also helps downstream partners optimize procurement costs and lock in profit margins using futures, options, and other tools, thereby reducing costs and increasing efficiency for the petrochemical industry chain enterprises, as well as enhancing market competitiveness. Industry insiders point out that as China's futures market gradually matures, its service to the real economy is becoming increasingly prominent, and the participation of industrial customers continues to increase.