通过期铜规避电缆成本中铜价波动风险及实证分析

An Empirical Analysis on Avoiding Copper Price Fluctation Risk in Cables Manufacturing through Copper Futures Contracts

合理量的期铜操作能够降低或锁定一段时期电缆生产和库存成本,解决销售、投标过程中因铜价上涨给企业带来的履约困惑,且占用资金不多,是规避因铜价波动给电缆成本带来风险的有效途径之一。本文简述电缆生产企业在期铜市场不同情况操作的一些实战方法。

Generally, cables manufacturer has to wait for a long time to get benchmark. However, copper prices increase continu- ally. The futures contracts help to decrease cables cost of manufacturing and inventory, especially, only a little active capital is needed, so as to avoid cables manufacturing cost risks caused by copper price fluctuation. In the paper, several practical operation methods in copper futures market for cables manufacturer are put forward under different conditions.