Development of stainless steel
304 stainless steel plate in China is the world's important nickel producer and consumer, the meeting invited the expert inside course of study around the entire nickel, stainless steel industry chain of supply and demand made quite a detailed interpretation of nickel from AA to the production, consumption of nickel resource distribution, and from the relationship between supply and demand to price trends, on-site customer's illustration of a comprehensive and professional full of interest.
However, since the nickel contract was listed, the market fluctuation has been particularly obvious. In the era of economic globalization, trade liberalization and financial internationalization, there are still many uncertain factors in the global economy and politics. As one of the base metals, the price of nickel will rise and fall frequently in the later period. Whether domestic trade or international trade, it can be said that the upstream and downstream of the nickel industry chain are facing great risks. How to make better use of futures to increase profits for enterprises to avoid risk has become the focus of the industry. For "high-risk and high-return" unilateral speculation, industry insiders prefer "steady profit and controllable risk" arbitrage. Today, jiangsu dongfang stainless steel electronic trading center, stainless steel heaven and earth network senior analyst ni tongxiong from the relevance of nickel and stainless steel explained the concept of arbitrage.
Due to the market time of the three varieties of nickel, electronic disk nickel, electronic disk stainless steel are not the same, through correlation analysis, we found that the positive correlation among the three reached more than 85%, verified the consistency of the three price trend is higher, more suitable for cross-variety arbitrage. Moreover, abundant liquidity is one of the necessary conditions for arbitrage. The maturity of a futures listed variety directly determines whether it is suitable for arbitrage with other varieties, because the market participation of mature varieties and the hedging cost faced by arbitrage directly affect the arbitrage income.