Lu Dongsheng, general manager of ZCE: Promoting the construction of a textile raw material pricing center.
Lu Dongsheng, general manager of Zhengzhou Commodity Exchange, stated at the 17th China (Shenzhen) International Futures Conference in 2021 on December 5 that the international influence of China's pricing is reflected in the futures market. It is that domestic and foreign companies actively use futures prices as a pricing benchmark or important reference for domestic and foreign trade activities. In the next step, ZCE will vigorously promote the development and listing of filament and other polyester industry chain products. Together with cotton and cotton yarn, it forms the world's most complete series of textiles from plant fibers to chemical fibers, promotes the construction of a textile raw material pricing center, and helps enhance the international influence of China's textile industry.
Lu Dongsheng said that in the context of increasing opening up to the outside world, futures prices such as PTA, methanol, rapeseed meal, etc. have become the "vane" of related international industries. In October of this year, ZCE’s corporate client holdings accounted for 64%, a year-on-year increase of 12%. More than 85% of domestic key sugar groups, more than 80% of large and medium-sized cotton trading companies, more than 90% of PTA production and trading companies, and more than 80% of polyester companies use futures prices to guide production and operation and avoid price risks.
Focusing on green and low-carbon development, Lu Dongsheng stated that he will accelerate the research and development of green and low-carbon derivatives, continue to optimize and improve the contract rules related to the "carbon peak and carbon neutral" policy, improve the energy-saving and environmental protection requirements of delivery grades, packaging and warehousing, and gradually realize the green upgrade of products already on the market. And promote the research and development of futures derivatives such as shipping capacity and weather index, and build a diversified and serialized green derivatives system.