Application Of Hedge Theory In The Price Risk Management Of International Oil-trades

Petroleum is the very important sources of energy in modern industry society, petroleum trade becomes international trade in commodities important component therefore since petroleum childbirth and consumption do not balance gravely. With the fact that our country paints price to petroleum entrance total demand increasing by and to the international can only "passivity is recipient " , does not have disadvantageous "price right to speak " aspect, the safety painting acute fluctuation of price between nations giving our country economy to have brought about grave effect , carrying out the mechanism regulating and controlling and perfecting our country petroleum price formation rationally on to defending petroleum to oil price is very important. To eliminate the oil price risk management difficulties, effectively circumvent international trade in oil price risk, we must in the international oil trade in the pricing power, and the international price of crude oil through international oil futures market determined and therefore China should actively participate in international oil futures market to effective to avoid oil price risk.The article based on a systemic analysis of the international oil-trade price risks, combined with China's reality, that volatile oil prices on China's economy was adversely affected. On this basis, will link theory with practice and with China's oil development strategy of China's oil futures market and the development of the international oil trade with the actual proposed hedging theory in the international oil trade to avoid price risk and need to function, and against the international oil trade of hedging arguments On the existing risks related to the security measures.