• Focus on the current situation of the aluminum alloy industry and build a platform for exchanges and cooperation •
On the eve of the listing of casting aluminum alloy futures on June 10th, a special sharing session on the casting aluminum alloy industry was successfully held in the lecture hall of Jushen Group, jointly organized by Guangzhou Futures Co., Ltd. and the Guangdong Foundry Industry Association, and co-organized by the Shanghai Futures Exchange and Jushen Logistics Group Co., LTD. This sharing session focuses on the development status of the aluminum alloy industry, the interpretation of futures and options rules and the listing process, the latest developments in the spot trading market, as well as the warehousing operation process, etc. It aims to build a platform for communication and cooperation for enterprises in the upstream and downstream of the industrial chain, and jointly promote the high-quality development of the casting aluminum alloy industry.
Ling Fuhua, the chairman of Guangzhou Futures Co., LTD., attended the opening ceremony and delivered a speech. He indicated that this sharing session was jointly organized by Guangzhou Futures and the Guangdong Foundry Industry Association, aiming to popularize futures knowledge, provide risk management services, assist enterprises in addressing market challenges, and promote the high-quality development of the real economy. Chairman Ling Fuhua sincerely wishes all the guests present could gain something from this meeting.
Mr. Wang Hongfei, the executive vice president of the Guangdong Foundry Industry Association, pointed out at the opening ceremony that the foundry industry plays a key role in the transformation of manufacturing. Through financial innovation and industrial chain collaboration, industry risks can be effectively addressed. The listing of aluminum alloy futures provides a tool for managing risks for the upstream and downstream of the industrial chain, which is conducive to stabilizing production costs and optimizing the supply chain. He called on enterprises to actively learn and apply futures tools, jointly build a healthy ecosystem for the aluminum alloy industry, and promote the high-quality development of the foundry industry in Guangdong Province.
Mr. Li Junbin, the deputy general manager of Jushen Group, on behalf of the company, extended a warm welcome and sincere gratitude to the guests present. He mentioned China's leading position in the casting aluminum alloy industry and the significant meaning of the launch of casting aluminum alloy futures options by the Shanghai Futures Exchange for the industry's low-carbon transformation. As a listed company that has grown up in Foshan, Jushen Co., Ltd. mainly engages in comprehensive warehousing of bulk commodities through its Jushen Storage. Moreover, the company is the designated delivery warehouse for eight listed futures varieties on the Shanghai Futures Exchange, Guangzhou Futures Exchange and Zhengzhou Commodity Exchange, as well as the industrial and financial service base of the Shanghai Futures Exchange. It is hoped that through this grand event, everyone can deepen their understanding and knowledge of the futures and options varieties of cast aluminum alloy, as well as the spot storage and futures delivery business, fully seize market opportunities, and make good use of futures as a financial derivative tool.
① Zhao Haidong, Guangdong Foundry Industry Association
Mr. Zhao Haidong, the executive vice president of the Guangdong Foundry Industry Association, gave a detailed presentation on the theme of "Research, Application and Development Trends of Cast Aluminum Alloys", elaborating on the application and development trends of cast aluminum alloys in the automotive industry. He also delved deeply into the production process of cast aluminum alloys and their significant position and role in the entire industrial chain.
② Lei Lei, Guangzhou Futures Research Center
Ms. Lei Lei, an aluminum researcher at the Guangzhou Futures Research Center, gave a presentation titled "Interpretation of the Rules of Futures and Options Contracts for Cast Aluminum Alloys and Analysis of the Industrial Chain", explaining the status of each link in the aluminum alloy industrial chain, demonstrating the process characteristics and market applications of different aluminum alloy grades, especially the consumption situation of cast aluminum alloys and the demand for recycled aluminum alloys in the casting market. In addition, Ms. Lei Lei also introduced detailed information about the upcoming futures contracts, including trading rules, contract design and market expectations, aiming to provide guidance and reference for market participants.
③ Xu Keyuan, Guangzhou Futures Research Center
Ms. Xu Keyuan, the head of the Metal Team at the Guangzhou Futures Research Center, shared the role of futures tools in avoiding absolute price risks and discovering prices, and elaborated on the risk management of raw material inventory and finished product inventory, as well as the application methods of hedging for casting aluminum alloy enterprises.
④ Zeng Yongfa, Jushen Logistics Group Co., LTD
Mr. Zeng Yongfa, the deputy general manager of Jushen Group, comprehensively introduced the warehouse operation process of cast aluminum alloy and emphasized the importance of detailed management for warehouse operation. He stated: "Jushen Group simultaneously shares experiences in safe production, business risk control, and technological efficiency improvement. We welcome industry partners to visit our warehouses on-site and jointly explore paths to enhance logistics efficiency and service quality."
▲ Keynote speech Session
The successful holding of this sharing session is attributed to the meticulous organization by Guangzhou Futures and the Guangdong Foundry Industry Association, as well as the wonderful sharing by all the experts. It also cannot be separated from the enthusiastic participation and full support of the attending guests. Looking ahead, Jushen Group will take this sharing session as an opportunity to continue adhering to its original aspiration of promoting the development of the bulk commodity industry. It will actively join hands with all parties to jointly explore new opportunities and challenges in the casting aluminum alloy industry, continuously improve service quality, optimize logistics solutions, contribute to the high-quality development of the industry, and help the industry reach new heights through innovation and collaboration.
