Domestic urea futures since last year in the Zhengzhou Commodity Exchange since the listing of trading, in Henan Jin coal Tianqing coal chemical limited liability company warehouse completed the second main contract delivery. The urea futures 2005 contract registered a total of 2,052 futures warehouse receipts, including 1,221 delivery plant warehouse receipts and 831 delivery warehouse warehouse receipts, the number of plant warehouse receipts exceeded warehouse warehouse warehouse receipts for the first time. The delivery volume reached 34,600 tons, which is more than 2.5 times of the first delivery volume, and the delivery volume hit a new high for the first time. Promoted by this favorable, urea producers and downstream enterprises to participate in the enthusiasm has been further enhanced.

　　According to the relevant person in charge of the Zhengzhou Commodity Exchange, Jin Coal Tianqing, as a high-quality urea producer in Henan Province, has actively participated in the urea futures listing from the preparatory stage and became the first urea futures delivery depot of the Zhengzhou Commodity Exchange. As a strategic partner of Jinjiang Coal Tianqing, Centaline Futures has provided comprehensive counseling to Jinjiang Coal Tianqing to build the futures and cash business system, risk control system, etc., improve the relevant system and management methods, and make full preparation for participating in the futures market. The urea delivery, urea enterprises of advance planning, active participation, achieved good results.

　　Li Zhongyi, manager of chemical department of Jinjiang Coal Tianqing Fertilizer, said that by participating in this urea futures delivery, we not only opened up new sales channels and sales methods, but also controlled risks, locked operating profits in advance, and made additional gains. We are more aware of the importance of participating in the futures market, using the futures market, using futures tools, combining futures and cash, controlling risks and refining management. In the future, we will be more active in exploring the new mode of combining production and finance, actively learning futures knowledge within the company, and further using futures tools to help the transformation and upgrading of enterprises and high-quality development.

　　Xue Haibin, deputy general manager of Centaline futures operations delivery site, said that the urea delivery, Centaline futures actively coached enterprises to participate in the delivery volume market ranked third, the market share of more than one-sixth. Urea is not only an important agricultural production material, but also a common chemical product. Affected by factors, in the domestic spring fertilizer, summer fertilizer procurement after the downstream demand turned weak, urea business sales encountered difficulties. The risk of single production and sales and uncertainty in the post-factor era, making business risks intensify, and urea futures can just hedge for urea enterprises, control risk to provide a good boost. Although urea futures listed less than a year, but from the two delivery results, the function of urea futures is gradually recognized by the industry chain upstream and downstream, many urea enterprises have also realized the need to use the futures market to hedge risk, urgency. At the same time, most enterprises are faced with little understanding of futures and derivatives, or cognitive bias, lack of professional talent and other issues, there are doubts and concerns, afraid to participate and use the futures market. This contradiction is still relatively obvious.