In the view of professionals, the futures market is a beacon to discover forward prices and a magic weapon to hedge business risks. In recent years, the price of crude oil fluctuates greatly, and the demand for risk management of oil-related enterprises surges.

Zhan Jianping of Hongyuan Futures Energy Research Office believes that crude oil futures and options listed on the Shanghai International Energy Exchange provide practical and effective risk management tools for real enterprises. In 2020, the international crude oil market fluctuated significantly and even saw "negative oil price". In the face of extreme market tests, China's crude oil futures show strong resilience and self-repair ability, and price independence is emerging, which better reflects the relationship between supply and demand of Asian crude oil, and continues to provide practical, reliable, stable and effective services for the risk management of relevant entities.

for example, as the raw material of petrochemical enterprises, such as crude oil refiners and airlines such as refined oil consumption, they worry about crude oil or refined oil prices, in order to prevent losses caused by rising oil prices when its needs this raw materials. It can use buying hedge trading to reduce the price risk, namely in the futures market as the identity of the buyer to buy equal number of futures contracts, wait until it is ready to buy physical oil and then sell futures positions as a way of hedge.

In addition, the pricing method of "futures price + basis" also provides spot enterprises with more choices, and reduces the price risk of the traditional trade pricing method to a certain extent. "In addition to avoid the risk of price fluctuations, trade enterprise can also through the use of crude oil futures market for stable purchasing cost, manage inventory risk, and make use of the futures market, expand sales channels, sales ahead of expected profit for selling at a premium, and the use of time now.