China National Salt Industry Corporation plans to carry out futures hedging business worth no more than 16.17 billion yuan.

China Salt Chemical Industry announced that the company approved a proposal to conduct futures hedging operations on March 16-17. The trading varieties are PVC and soda ash commodity futures contracts related to the company's operations. It is estimated that the maximum amount of trading margin to be used is 200 million yuan, and the highest contract value held on any trading day will not exceed 1.617 billion yuan. The funds will come from the company's own capital, and the trading period is 12 months. There are risks such as market and basis risks in the business, and the company has taken corresponding control measures. This business can stabilize operating profits and is in line with the company's long-term interests.