White sugar options are expected to enter the market today, such as red dates, coffee, apples and so on.

On April 19, the white sugar option contract was listed on the Zhengzhou Commodity Exchange, which is the second variety of commodity options in China after the soybean meal option was listed in Dalian Commodity Exchange on March 31.

According to the notice on matters related to listed White Sugar options contracts, there are eight contract months for white sugar options listed on the first day, namely SR707, SR709, SR711, SR801, SR803, SR805, SR807 and SR809. The white sugar option contract stipulates that every month there will be one equal value contract, five real value contracts and five virtual value contracts, which are divided into two types: call options and put options. The number of contracts listed on the first day is 176.

At the listing ceremony, Fang Xinghai, vice chairman of the CSRC, pointed out that in the future, we should continue to promote the construction of futures and options for agricultural products, severely punish violations of laws and regulations, improve the price risk mechanism, and actively and steadily promote the construction of China's futures and options market.

2017 is the first year of commodity options in China. The introduction of soybean meal options in Dashang and white sugar options in Zheng Shang has enriched the investment tools in China's futures market.

Haitong Futures options Department believes that the introduction of agricultural options provides enterprises with a new way of hedging, which can not only effectively resolve the market risk of agricultural products, but also retain the profits when the price is favorable. Options only need an one-time payment of royalties, without the trouble of additional margin, which is more suitable for the risk management needs of small-scale agricultural operation caused by large population and little land in our country, and provides a more refined risk management means for agriculture-related subjects.

For the difference in the operation of futures and options, some analysts said, for example, if the futures market is bullish, the operation is to buy. However, the bullish option market can be divided into rising now or rising in the future, gradually rising or rising rapidly. These further refined viewpoints all have their own corresponding option strategies.

Today, the listing of options has become the "highlight" of the futures market in 2017.

A reporter from Securities Times e Company learned that before the Spring Festival, Zheng Shang had gone to Urumqi, Korla, Aksu, and other places in Xinjiang to conduct field research on the necessity and feasibility of futures trading on local superior agricultural products, such as red dates, ketchup, and fragrant pears. On March 21, Zheng Shangsuo, together with Yunnan Securities Regulatory Bureau, solicited opinions and suggestions on the feasibility of coffee listing in Kunming.

Public data show that in the 10 years since 2006, more than 40 varieties have been listed on the four major futures exchanges in China. By the end of 2016, there were 52 listed futures and options, including 46 commodity futures, 5 financial futures and 1 financial options, covering agricultural products, metals, energy, chemical and other major industries of the national economy.

According to the person in charge of Zheng Shang Institute, the futures varieties currently traded on the market include common wheat, high-quality strong gluten wheat, early indica rice, late indica rice, japonica rice, cotton, rapeseed, rapeseed oil, rapeseed meal, white sugar, thermal coal, methanol, refined terephthalic acid (PTA), glass, ferrosilicon and manganese silicon.

It is reported that at present, Zheng Shangsuo is promoting the research and development of apples, red dates, coffee and other varieties, and will speed up the listing rhythm of apple futures and cotton yarn futures. In addition, the trading house is also studying the launch of pig futures, including natural gas, urea, cement, peanut oil, shipping and so on have also entered the reserves of various exchanges.

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