Obstacles And Countermeasures Of Nonferrous Metal Private Enterprises' Participation In Futures Market

In recent years,there have been more unstable factors at China and abroad,the global economic development is facing greater obstacle,and commodity prices have fluctuated sharply.Non-ferrous metals have financial attributes,and the non-ferrous metal industry has a long industrial chain,so it will be more affected.The sharp fluctuations in the market price of non-ferrous metals have brought extremely adverse effects on the daily production and stable operation of non-ferrous metals enterprises,especially for non-ferrous metal private enterprises,which are more vulnerable due to their weak credit and ability to resist risks when facing the market shock.In order to alleviate the contradiction between supply and demand in the operation and management of the non-ferrous metal industry,non-ferrous metal private enterprises need to effectively participate in the futures market,using the futures market as a platform to resolve risks in the daily production process.This can promote the normal development of enterprises,improving the pricing mechanism of the futures market,optimizing the industrial structure of the non-ferrous metal industry,and provide more help for the transformation and upgrading of enterprises.This paper selects the case of L non-ferrous metal private enterprises participating in the futures market..Starting from an industry perspective,a detailed analysis of the company's background and operation of participating in the futures market was conducted,and analyzing the status of its participation in the futures market.On the whole,the company actively participates in the futures market and uses the futures market to stabilize the daily management of the company,avoiding the risk of some non-ferrous metal price fluctuations,but the company still has many deficiencies in the process of participating in the futures market.This paper starts from the enterprise L,systematically analyzes the problems and obstacles of non-ferrous metal private enterprises participating in the futures market,and summarizes the problems and obstacles encountered by non-ferrous metal private enterprises in participating in the futures market.For example:insufficient knowledge of risk management,lack of specialized talents and services,high funding pressure,and so on.It is hoped that other non-ferrous metal private enterprises in the process of participating in the futures market correct the mistakes if they have committed,and avoid them if they have not.At the same time,it is tentative to put forward suggestions to improve the participation of private non-ferrous metal enterprises in the futures market:Non-ferrous metal private enterprises should enhance their awareness of risk management,increasing the introduction of futures talents,and improve their communication with futures companies;futures companies should strengthen professional services and enhance communication between risk management subsidiaries and non-ferrous metal private enterprises;Futures market regulator should orderly release targeted futures business of futures companies and improve legal supervision mechanism,etc.It is hoped to guide more non-ferrous metal private enterprises to actively participate in the futures market,and to use futures tools to successfully avoid the risks brought by daily fluctuations of non-ferrous metal prices to enterprises;to use the futures market to promote structural reform of the non-ferrous metal industry upgrading.