有色企业现代经营管理机制与期货市场刍议

RELATIONSHIP BETWEEN MODERN MANAGERIAL AND ADMINISTRATIVE MECHANISM OF NONFERROUS METALS INDUSTRY AND FUTURES MARKET

有色金属期货市场有利于有色企业建立现代的经营管理机制，它主要表现为现货市场可利用期货市场回避价格波动风险和利用期货市场价格发现功能科学管理企业。反过来，在其现代企业经营管理机制建立过程中，企业自发地参与期货市场，又完善了期货市场套期保值功能和价格发现功能。二者相辅相成，对其关系进行研究具有十分重大的现实意义。

The futures market is helpful for nonferrous metals industry to build modern managerial and administrative mechanism. It mainly finds expression in that cash market can take advantage of the function of price risk avoiding and price forecasting of futures market to manage the industry scientifically. On the other hand, the industry's joining in the futures market spontaneously during the course of building its modern managerial and administrative mechanism will perfect the function of hedging and price forecasting. In this case, it will be of great significance to study on their complementary relationship.