商品期货金融属性突现及其表现

• 作 者: 杨钰适
• 机 构: 上海期货交易所,
• 出 处: 中国有色金属
• 发表日期: 2007年06期
• 关键词: 金融属性 商品属性 供求关系 商品指数 商品期货市场 相关商品 高盛商品指数 商品期货价格 商品交易顾问 资产类别

商品期货因其反映相关商品的供求关系而主要具备相应的商品属性,而另一方面,商品期货也具有金融属性,这一点常常被人们所忽视。近年来,以有色金属、能源为代表的大宗商品期货与宏观经济、金融的关系日益密切,其金融属性不断突现,在国外甚至被视为“准金融期货”。

Commodity futures mainly have the corresponding commodity attributes because they reflect the supply and demand of related commodities. On the other hand, commodity futures also have financial attributes, which is often neglected by people. In recent years, commodity futures represented by non-ferrous metals and energy have become increasingly closely linked with the macroeconomy and finance. Their financial properties have been constantly emerging and even been considered “quasi-financial futures” abroad.