Hedge Case Analysis Of Coal Production Enterprises Based On The Perspective Of Supply Chain

Coal energy is the basic energy to ensure the normal operation of social heavy industry and social infrastructure.Especially for thermal power generation companies,,their main consumption of energy is coal,it can be said that the development of the country and society cannot do without coal.After the reform of the supply side,some backward coal production capacity in eastern China has been eliminated,and the domestic coal suppliers are mainly concentrated in the central and western regions such as Shanxi,Shaanxi and Inner Mongolia.However,with the development of economy,the demand for coal in the east is increasing year by year,and the pressure of coal demand is gradually increasing.Therefore,the coal supply chain has formed a situation of centralized transportation from coal producers in the west to coal consumers in the east.The risk management situation faced by coal production enterprises in the central and western regions is more complicated.Therefore,the situation of coal production enterprises is analyzed from the perspective of supply chain,and the hedging cases of representative production enterprises are selected for analysis,which is helpful for similar enterprises to better cope with the risk loss under the new situation and promote the development of enterprises.In this paper,using quantitative analysis and case analysis,combining theory with practice analysis,coal production enterprises in Inner Mongolia area E company operation mode as an instance of the object of study,from the perspective of the whole supply chain of coal,in its reform on the supply side of risk sources and carding operation model,summed up the E company is mainly faced to the future prices of frequent change of hedging their exposure uncertainty,sales long association with coal transportation pressure,etc.Through the analysis of the specific operation process of hedging,the hedging effect and the hedging scheme of relevant enterprises in the upper,middle and lower reaches of the supply chain,it is concluded that the effect of the hedging scheme of coal production enterprises represented by E Company has the characteristics of strong stop-loss ability and flexible change of the hedging effect.And analyze the hedging scheme of the middle and downstream enterprises to get the main risk of the production enterprises.On this basis,it is concluded that the hedging scheme of E Company has the characteristics of single form,too limited problem solving and poor linkage with enterprises on the whole supply chain.Through the above analysis,in view of the E company futures tools flexibly,increase the correlated with middle and lower reaches of enterprises,the introduction of risk management professionals,to distinguish the product category,the exposure to determine hedging optimization recommendations,and in the national policy is put forward to strengthen the coal supply chain integration,to encourage the import of coal,strengthening coal transport capacity,set up reserve base,development Suggestions of improving the off-season inventory.