Design Of Urea Futures Products

In 2015,with the disappearance of a series of policy dividends for the fertilizer industry,China's fertilizer industry gradually accelerated its marketization process.Thus urea futures listed to provide a breakthrough.The launch of urea futures will increase the trading volume of urea,increase the liquidity of the fertilizer market,and promote the update and upgrading of fertilizer products.Moreover,in terms of the pricing of international trade,the price discovery function of futures can improve the influence of China's fertilizer market on the international market after obtaining the pricing power.Fertilizer products play an important role in the problems of agriculture,rural areas and farmers in China.Therefore,after analyzing the current situation of urea market in China,it is of practical significance to develop listed urea futures in China.At the same time,the successful listing of methanol,a similar variety,provides a reference for the design of urea futures.Through the design and research of urea futures,it opens up new ideas for the innovation of futures varieties of agricultural products and industrial products,and provides a reference channel for the innovation of agricultural products in China's futures market in the future,thus enriching and improving the development of China's financial derivatives market.This article on the urea futures product design ideas are divided into the following points.Firstly,the status quo of urea products was investigated and analyzed,and the feasibility and necessity of the development of listed urea futures in China was confirmed from five perspectives of the target commodity,product selection reasons,development prospect,policy orientation and reference experience.Secondly,it expounds the important influence of urea futures on domestic and international market.From these two perspectives,it introduces the strategic objectives that can be achieved by designing urea futures products.Again,by comparing the reference of our country's futures exchange futures varieties of listed rules to make the provisions of the contract,design develop a suitable for China's national conditions,accord with the actual operation of urea fertilizer market futures contracts,including the basic rules,risk factors,the specific delivery conditions,eventually produce a urea the standardization of futures contracts.Then,based on the standardized contract,the pricing model of urea futures is designed.The method of technical analysis and prediction of futures price is adopted forpricing analysis.The market price of nationwide urea(small particles)is selected as sample data,and ARIMA model is used to make simulated prediction of future futures price.Thus,the pricing model formula of urea futures is designed.Finally,after finished the design of product content,for urea futures in the market after the promotion,may meet on associated risk,also made a further analysis and research,and aims at the above risks,put forward the corresponding specific measures to prevent risks,including the urea exempted from inspection strictly regulate the collection of the brand and further refined perfect contract rules.