燃料油期货对我国上市煤炭期货的启示

我国煤炭行业占据着主要的能源市场，近几年来市场供需趋紧，价格波动较大，煤炭交易双方对规避风险的需求也越来越强烈。燃料油期货作为我国推出的首个能源期货，四年多来市场状况运行良好，给相关的交易各方带来很好的规避风险的作用。文章参考燃料油期货推出的各种经验，分析我国煤炭市场可推出的煤炭期货品种，认为可以推出炼焦煤期货作为我国首个煤炭期货产物。

Revelatory Features of Fuel Oil Futures to Coal Futures in China

Coal is the most important fuel in China. In these years, supply and demand is more and more tightening and the price often waves dramatically. For both buyers and sellers, it is increasingly required to avoid that kind of market risks. The fuel oil futures, as the first energy commodity futures launched in China,is working very well in recent four years and plays a good role in avoiding market risks. Considering experiences from the fuel oil futures, this article will analyze possible products in our coal market and draw the conclusion that coking coal futures may be introduced as the first product of coal futures.