有色金属冶炼企业期货套期保值风险控制探讨

Discussion of Futures Hedging Risk Control for Nonferrous Metal Smelters

当今更多的有色冶炼企业试图通过期货套期保值交易来转移现货交易的价格风险,保证生产经营或者投资利润的稳定性,但套期保值本身作为一个规避风险的衍生金融工具,自身也存在着风险,使用或管理不当会给企业带来巨大的风险和损失。文章从理论和实践两个方面对有色冶炼企业套期保值风险控制提出了系统的合理规划,以降低企业期货套期保值实施过程中的风险,为探讨我国企业特别是有色金属冶炼企业如何更好地控制期货套期保值风险,具有现实研究意义。

In order to transfer the price risk of futures business and ensure the stabilities of production operation or return on investment,more and more nonferrous smelters try to use the futures hedging now.As a derivative finance tool,hedging exists risk itself,it will bring huge risk and loss to the enterprise if used and managed improperly.The systemic and reasonable plan of hedging risk control for nonferrous metal smelters was introduced from theoretic and practical aspects to reduce the risk during the implementation of futures hedging.It is of practical study significance in discussing how to control the futures hedging risk better for Chinese enterprises especially the nonferrous metal smelters.