Import and export trade of non-ferrous metals are large merchandise trade, the relatively high barriers to entry, is the problems that all non-ferrous metal importers and exporters can not be evaded. First of all, is the issue of price volatility. To professional importers and exporters of non- ferrous metals prices is the biggest problem ,it is the frequent fluctuations in every price oscillation, regardless of Change, to import and export business will bring substantial economic impact; Second, the resources and influence national policy. Third, is the financing. Non -Ferrous Metals Import and Export needs a lot of money, bank credit lines and a wide variety of financing channels to support, which in the current banking system can not be assured.
It can be said that the import and export of non-ferrous metals business to a certain stage, into the futures market is an essential step. Import and export enterprises to take advantage of non- ferrous metals futures markets there are hedging and arbitrage, which hedge the spot price volatility is to avoid the main mode; arbitrage is relatively less risky way of speculation. In this paper hedging program through the design and analysis to clear, how to spot the import and export hedging, hedging and risk control, hedging operations, etc. Note; through cross-market arbitrage program design a clear cross-market arbitrage and how the principles of operation, how to analyze the relationship between the two market prices, how to choose the market opportunity and how to avoid the risk of cross-market arbitrage, and discusses the cross-market arbitrage with other practices.
Non-Ferrous Metals Import and Export of the feasibility of the use of futures trading after it has been confirmed, the article focused on the futures market to prevent and control risks. Generally speaking, should be the fundamental analysis and technical analysis combined with the use of, and continue to hone their combat experience in order to better grasp the trend of the market, improve forecast accuracy. Futures markets to control risk of the primary exchanges, brokerage firms and investors to work together to achieve, from the investor point of this paper discusses some of the attention of the risk control points. However, risk control is inseparable from the actual operation, the need for each import and export enterprises according to their own business to develop targeted programs for the enterprises, and continue to verify the operation, adjustment and optimization, making the risk control measures do not become a display.
KEYWORDS: Non-ferrous metals, futures markets, hedging, arbitrage, risk prevention and control
