Research On Natural Rubber Hedging Strategy Of S Enterprise Based On Risk Control

Natural rubber is an important strategic material.Because of its dual attributes of agricultural products and industrial products,its price changes show high volatility and complexity.Tire companies that use natural rubber as the main raw material need to find a countermeasure in the face of the violent fluctuation of natural rubber prices.Hedging,because of its function of price discovery and risk hedging,can provide important help for enterprises to cope with fluctuations in raw material prices.Hedging is both an effective risk management tool and an important risk management activity.This study focuses on how S companies can effectively use futures,options and other hedging tools to avoid natural rubber price risks,and at the same time,it also conducts an in-depth discussion on how to do a good job in the risk management of hedging work..The research firstly sorts out and reviews the research on hedging and risk management theory at home and abroad,and expounds the theoretical basis of this research.Then,by introducing the fishbone diagram analysis method,a comprehensive and detailed analysis of the factors affecting the price fluctuation of natural rubber was made,and combined with the current trend of changes in various factors affecting natural rubber,the price change direction of natural rubber was predicted.Through the regression analysis of the correlation between natural rubber futures and spot,the study demonstrates that natural rubber futures and spot have a high correlation,and clarifies the feasibility of enterprises to participate in hedging to avoid risks.In the analysis of the current situation of the hedging of the case company S,this research has carried out a comprehensive analysis of the environmental factors of the company’s participation in hedging through the SWOT analysis method.,pointed out the support of the current external environment for hedging,and demonstrated the feasibility of enterprises participating in hedging from another aspect;in the analysis of W disadvantage factors,the problems existing in the enterprise’s own participation in hedging were discussed.,pointed out that there are some problems in enterprise hedging,such as heavy speculation consciousness,unsound organizational structure,unsound management system,lack of talents,backward information technology,and imprecise use of hedging accounting.By introducing the actual cases of enterprises participating in hedging,this paper deeply analyzes the problems of fuzzy hedging ratio,subjectivity and randomness in transactions,and points out the necessity of optimizing hedging strategies.sex.In terms of giving specific suggestions for improvement in relation to hedging related issues of enterprises,this research refers to the comprehensive risk management framework of COSO-ERM(2017).Suggestions for strategy optimization are given,among which the case deduction of the use of option tools directly shows the important role that option tools can play in hedging,which has important reference significance for related companies.The research then provides targeted suggestions for enterprises on the construction of various elements of governance and culture,strategy and objectives,review and revision,information,communication and reporting.This research adheres to the combination of quantitative and qualitative analysis,and strives to make the research conclusions more objective.The case analysis is combined with the hedging practice of the enterprise,and strives to truly reflect the problems existing in the hedging work of the enterprise,and accordingly gives more corrective results.More constructive comments on sex.The research makes enterprises realize the necessity and feasibility of hedging work through detailed analysis,and makes enterprises have a more profound understanding of hedging and related risk management work.The research results of this study are in line with the reality of enterprises,and have the potential to provide practical help for enterprises to control costs,improve competitiveness,and deal with risks.