Recently, the 2024 Palm and Laurel Oil Price Outlook Conference and Exhibition (POC2024), hosted by the Malaysian Derivatives Exchange (BMD), was held in Kuala Lumpur.
Over the past year, Dashang has adhered to serving the real economy, innovating to keep up with market demand, and launched a series of new varieties, measures, and services, achieving new results in market development. One is the continuous enrichment of the derivative product system, with the listing of styrene options and ethylene glycol options, achieving full coverage of futures and option tools in the chemical industry chain. The total number of listed futures and options has reached 34, covering multiple varieties such as grains, oils and fats, energy minerals, chemicals, animal husbandry, and trees. At the same time, actively strengthening the integration and development of the internal and external market systems, and deepening personalized and precise services for the real economy. Secondly, the market opening up to the outside world continues to deepen, with overseas traders actively participating in four soybean futures varieties. The proportion of transactions and holdings of overseas customers continues to increase compared to the early stages of opening up, and the market participation structure is further optimized to better serve the operation of the global agricultural product industry chain. Thirdly, the market functions will be further enhanced. On the one hand, we will continue to strengthen market supervision, enhance our technological regulatory capabilities, effectively crack down on various illegal and irregular behaviors, and ensure the safe and stable operation of the market; On the other hand, efforts are being made to cultivate and guide industrial enterprises to make reasonable use of futures pricing and risk management, serving the improvement of enterprise competitiveness and the stable operation of industrial and supply chains, achieving a high-level balance between regulation and market efficiency.
