SHANGHAI PECHEM to Initiate Currency Hedging Program with Financial Institutions

Stock News

Mar 18

SHANGHAI PECHEM (00338) announced a plan to engage in currency-related financial derivative hedging activities with banking institutions. The initiative aims to lock in costs or profits, respond to market fluctuations, and mitigate risks. The company intends to carry out commodity financial derivative hedging through a delegated agency model. The planned transaction volume for commodity derivatives includes 1.3 million tons of crude oil, 1 million tons of Forward Freight Agreements (FFA), and a total of 2.63 million tons for other commodity derivatives. The anticipated transaction amount for currency derivatives is estimated at $50 million, with forward foreign exchange settlement and sales being the designated financial instruments.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/1191268032"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1191268032\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1191268032?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-18 21:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1191268032","market":"hk","top_or_hot":-1,"title":"SHANGHAI PECHEM to Initiate Currency Hedging Program with Financial Institutions","media":"Stock News","content":"<p>SHANGHAI PECHEM (00338) announced a plan to engage in currency-related financial derivative hedging activities with banking institutions. The initiative aims to lock in costs or profits, respond to market fluctuations, and mitigate risks. The company intends to carry out commodity financial derivative hedging through a delegated agency model. The planned transaction volume for commodity derivatives includes 1.3 million tons of crude oil, 1 million tons of Forward Freight Agreements (FFA), and a total of 2.63 million tons for other commodity derivatives. The anticipated transaction amount for currency derivatives is estimated at $50 million, with forward foreign exchange settlement and sales being the designated financial instruments.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SHANGHAI PECHEM to Initiate Currency Hedging Program with Financial Institutions</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSHANGHAI PECHEM to Initiate Currency Hedging Program with Financial Institutions\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-03-18 21:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SHANGHAI PECHEM (00338) announced a plan to engage in currency-related financial derivative hedging activities with banking institutions. The initiative aims to lock in costs or profits, respond to market fluctuations, and mitigate risks. The company intends to carry out commodity financial derivative hedging through a delegated agency model. The planned transaction volume for commodity derivatives includes 1.3 million tons of crude oil, 1 million tons of Forward Freight Agreements (FFA), and a total of 2.63 million tons for other commodity derivatives. The anticipated transaction amount for currency derivatives is estimated at $50 million, with forward foreign exchange settlement and sales being the designated financial instruments.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0012","symbol_name":"证金概念","start_time":0,"source_url":"","article_id":"1191268032","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1191268032","pubTimestamp":1773842295,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"SHANGHAI PECHEM (00338) announced a plan to engage in currency-related financial derivative hedging activities with banking institutions. The initiative aims to lock in costs or profits, respond to...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"159940":"金融","161121":"银行","600688":"上海石化","BK0012":"证金概念","BK4211":"区域性银行","FISI":"金融机构","BK0196":"行业龙头","BK0275":"燃料加工","BK0025":"油气改革","BK0010":"央企","BK0187":"一线龙头","BK0006":"大央企重组","BK1110":"商品化工","BK0028":"国家队","BK1562":"石化股","BK0183":"MSCI概念","BK0188":"融资融券","00338":"上海石油化工股份"},"translate_title":"上海佩化学将与金融机构启动货币对冲计划","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"159940":1,"161121":1,"600688":1,"FISI":1,"00338":1},"content_text":"SHANGHAI PECHEM (00338) announced a plan to engage in currency-related financial derivative hedging activities with banking institutions. The initiative aims to lock in costs or profits, respond to market fluctuations, and mitigate risks. The company intends to carry out commodity financial derivative hedging through a delegated agency model. The planned transaction volume for commodity derivatives includes 1.3 million tons of crude oil, 1 million tons of Forward Freight Agreements (FFA), and a total of 2.63 million tons for other commodity derivatives. The anticipated transaction amount for currency derivatives is estimated at $50 million, with forward foreign exchange settlement and sales being the designated financial instruments.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}