Cedar Commodities Supply Chain Group organized the 2019 Non-Ferrous Metal Industry Risk Management Forum on 10 October of 2019.
The forum concerted efforts in the Copper Industry, and Win-Win Scenario together with Guangzhou Subsidiary of China National Shipbuilding Equipment & Materials Corporation (CSEMC), and Huatai Futures.
Over 100 top-notched companies of the copper industrial chain such as Zijin Copper, Yunnan Copper Co., Ltd came together for the discussion of development opportunities of copper industrial chain under new global economic situation.
Since the beginning of this year, international situations have become more complex with increasing uncertainties, which caused great influences on domestic ferrous metal industry, especially the operation of copper producers. Under this circumstance, this forum was held to provide upstream and downstream corporations with a platform on which market information can be fully exchanged and risk awareness can be raised. Furthermore, the platform is expected to help companies to learn more about financial derivatives and use them for the purpose of effective risk management and lower operation risks.
Fan Jiayu, Member of the Board of Cedar Holdings, Chairman of Cedar Commodities Supply Chain Group, said in his speech that many companies present at the forum were old clients and partners of Cedar Commodities. They had gone through smooth cooperation with Cedar Commodities For Years. He hoped that this forum could contribute to further growth of the non-ferrous metal industry.
Photo: Fan Jiayu, Member of the Board of Cedar Holdings, Chairman of Cedar Commodities Supply Chain Group made a speech
Devoted to copper industrial chain, Cedar Commodities has been working closely with ZiJin Copper, Yunan Copper and other large smelters. Currently, Cedar Commodities is the largest copper product provider in Southern China. Tai-I Copper (Guangzhou) Co., Ltd and Tai-I Jiang Corp (Guangzhou) Co., Ltd under Cedar Commodities are respectively one of the largest bare copper wire and enamel wire manufacturers in Southern China.
As a customer first business, Cedar Commodities keeps a zero-default record since it was founded 17 years ago, which to a large extent, owes to its powerful risk control system. According to Fan Jiayu, Cedar Holdings took a lead in systematically introducing qualitative risk management system to Chinese commodities sector and established one centered on ETL. Based on vast amounts of market data and complicated data analysis model, the system optimizes transaction combinations of multiple categories via multiple strategies, which contain operation risks effectively and guarantee sustainable development of businesses.
Thanks to its robust risk control performance, Cedar Commodities has also provided its clients on the upstream and downstream of the copper industrial chain with even more various and effective risk hedgings. Cedar Commodities, one of the most important clients of Huatai Futures has been in a cooperative relationship with the latter for more than 10 years. They have engaged themselves in all-round cooperation over corporate risk management through derivatives, which remains effective in reducing exposures to risks of raw materials procurement and commodities trade.
(Source: Official website of Cedar Holdings)