c26636204.2021.10.07
福建纺织企业参与期货市场的探讨
Participation of Fujian Textile Enterprises in the Futures Market
在疫情的冲击下,人们对服装需求下降,纺织消费市场疲软,纺织业面临着库存积压,原材料价格波动较大的问题。我国的期货市场的棉花、棉纱、PTA以及新推出的短纤期货,都为纺织业在原材料采购上提供了解决这些问题的思路。现阶段国内已经有一定数量的纺织生产企业运用期货规避风险,但是纺织业较发达的福建,仍有许多企业对期货运用存在偏见。本文通过分析福建纺织业现状发现,纺织业作为福建经济的重要组成部分,虽然整体发展趋势向好,但抗风险能力不足,而运用期货则是解决这一问题的办法。本文结合了纺织业龙头企业运用期货的实例,为福建纺织业认识、运用期货,提高自身防范突发风险能力,可持续发展提供一定借鉴。
关键词:福建纺织业、纺织期货、风险管理
With the Covid-19 epidemic, consumer market has weakened as demands for clothing have dropped, and the textile industry has faced with problems of overstocked inventory and large price fluctuations of raw materials. Cotton futures, cotton yarn futures, PTA futures and the newly-launched staple fiber futures in China's futures market provide solutions for textile enterprises to raw material procurement problems. At current, many China's domestic textile production enterprises have used futures to avoid risks, but in Fujian, where the textile industry is well-developed, many enterprises hold prejudice to the use of textile futures. We find that the textile industry in Fujian, although its overall development trend is good, lacks in the capacity to hedge risks, and the use of textile futures should be in its financial toolbox. We provide cases of leading textile enterprises that use textile futures to hedge risks, so as for the Fujian textile industry to learn and improve its ability to hedge risks.
Keywords: Fujian textile industry, textile futures, risk management