Chenfeng Technology to launch raw material futures hedging business
2020-03-19 17:11:07 [Print]
Zhejiang Chenfeng Technology Co., Ltd. announced on March 18 that it plans to launch raw material futures hedging business to reduce the impact of market price fluctuation of raw materials on the company's normal production and business activities.
According to the announcement, the raw materials hedged include aluminum, copper and plastic, with the cash deposit no higher than RMB50 million (USD7.07 million). Trading using leverage is not allowed and the maximum stop-loss amount shall not exceed RMB50 million (USD7.07 million). In a twelve-month hedging period, the transaction amount for copper, aluminum and plastic shall not exceed 3,000t, 30,000t and 15,000t respectively.
According to the announcement, the raw materials hedged include aluminum, copper and plastic, with the cash deposit no higher than RMB50 million (USD7.07 million). Trading using leverage is not allowed and the maximum stop-loss amount shall not exceed RMB50 million (USD7.07 million). In a twelve-month hedging period, the transaction amount for copper, aluminum and plastic shall not exceed 3,000t, 30,000t and 15,000t respectively.
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