上海期货交易所上市铜期权业务对我国冶铜企业的影响分析

Analysis of the influence of the copper option business listed in Shanghai futures exchange on China’s copper smelting enterprises

文章先分析了铜期权上市对于冶铜企业的影响,包括充实风险管理工具、优化市场投资结构,并分析了铜期权上市背景下冶铜企业的发展风险,包括矿产铜保值、存货保值、铜槽存保值,最后提出了期货和期权保值措施,包括中长期市场行情大幅度下跌状况下卖出期货头、领式期权组合策略、槽存铜或铜存货保值策略。

This paper first analyzes the influence of copper options listed for copper smelting enterprises,including full risk management tools,optimize the market structure,and analyzes the development of the copper options listed under the background of copper smelting enterprises risk,including copper mineral value,stock value,copper deposit value,finally proposed the hedging futures and options,including the long-term market situation has greatly decreased under the condition of short futures head,collar portfolio strategy,copper or copper inventories hedging strategy.