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1、XX公司螺纹钢套期保值方案一、企业经营情况XX公司成立于2008年12月8日,总部位于昆明市,注册资本金人民币4.915亿元。XX公司按集团公司授权负责开发东南亚及云南地区电力项目和其它能源项目的投资、建设与经营管理,以及电力上下游产业的开发,其中伊江上游水电项目建设周期预计为15年,在水电站的建设过程中需要采购钢材约130万吨,初步估算,2011年需采购3万吨,2012年采购5万吨,2013年起年采购量为10-20万吨。二、风险敞口分析由于XX公司采购钢材用于水电项目建设,风险敞口主要来源于采购环节,XX公司已与某钢铁集团有限公司签订采购钢材的长期协议,但定量不定价,定价方式为市场价格基础上
2、给予3%的折扣优惠,根据统计2010年上海期货交易所螺纹钢交割品牌HRB33520mm价格走势,最低价3590元/吨,最高价4830元/吨,波幅达1240元/吨,标准差为364元/吨,可见螺纹钢市场价格的波动幅度较大,对于XX公司来说,定量不定价的采购协议,将面临较大的钢材价格上涨风险,按照2011年3万吨钢材的采购量,若每吨钢材上涨300元,采购成本将增加900万元。三、套保策略(一)套保总体思路1.保值类型theirownconditionstodevelopthecorrectroad,themaximumtoavoidinvestmentrisk,gainprofit.(three)v
3、igorouslypromotethebrand.Toestablishbrandawareness,awarenessoftheuseofbrand,brandvalue,brandacquisitionperformance,enhancethecompetitivestrength.Concentratedmanpower,carefulplanning,packagingandpublicityofanumberofunique,marketinfluenceandcoverageofthebrand,theimplementationofkeybreakthroughs,toenha
4、ncethecompetitivestrength,walkingbusinessroadthecompetitionofalienationandcharacteristics,thepursuitofstabilityanddevelopmentofthemarket.(four)topromotetheintegrationofresources.Tofurtherbroadentheirhorizons,effectiveintegrationofresourceswithinthegroup,thecityresources,otherindustriesandregionalres
5、ources,mutualtrust,mutualbenefit,seekingwin-winprinciple,intheframeworkofnationalpoliciesandregulations,strictinspectionandargumentation,legalconsultation,examinationandapprovalprocedures,strictregulationofeconomicactivities,attractinjectionthesocialinvestmenttotheindustrygroup,toachieveleveragingth
6、edevelopment,ensurethatthevalueofstate-ownedassets.(five)tostrengthentheconstructionmanagementpersonnel.Strengthenthemanagementofeducationandtrainingofcadresandworkersoftheexistingbusiness,firmlyestablishtheconceptofthemarket,enhancethesenseofcrisistoadapttomarketcompetition,thesenseofurgency,improv
7、etheabilitytorespondtomarketcompetition,improvemanagementandoperationofthemarket.Atthesametime,accordingtotheneedofindustrialdevelopment,vigorouslytheintroductionofhigh-qualitymanagementmanagementpers