变危机为契机 积极参与石油期货交易

Turning Crisis into Opportunity by Trading Actively Oil Futures

研究目的在于呼吁广大石油经营大户利用金融危机带来石油价格超低这个大好时机,积极参与有期货交易。主要采用理论与实际相结合的研究方法并综合运用了定性与定量分析法,理论性体现在期货交易的原理和套期保值的作用机理;现实性体现在通过以东航为例说明期货交易的风险性和必要性,并且通过对国际石油价格数据的分析来揭示其内在规律。从而,得出结论:石油期货交易是一种具有风险性然而又是最主要的一种风险规避手段。恰当地运用套期保值是保证石油价格安全的必备手段,进而也是实现国家能源安全这一战略目标的保障,无论是石油经营企业还是国家都应该对此有足够的认识和相应的行动。

The article aims to appeal to oil major dealers to take part in the oil futures trading actively, to make full use of prevailing international financial crisis which bring down the oil price dramatiely. The research methods are maily integrating theory with practice, and combining quantitative analysis with qualitative one. The theories adopted are the furtures trading principle and hedging mechanism. The pratice is exemplified in the instance of the Eastern Airline Company of China which explain the risks and necessity of oil futures trading. Meanwhile, the inherent law is shown through the analysis of oil price data in international market. Conclusion is drawn that oil futures trading is a king of risktaking business, but also is a major risk aversion means. The proper use of hedging is necessity to assure safety of oil price and also a safeguard of realizing the strategic goal of the national energy security. Both oil major dealers and our country should pay enough attention to this issue, and take actions accordingly.