利用期货市场转移南水北调中水价波动的风险

南水北调是缓解北方水资源危机而采取的大规模调水工程，适应社会主义市场经济的要求，该工程中水资源配置将采用市场机制运作，由供求关系形成水的价格，水价波动决定了价格风险的存在，而水价过高将给企业带来成本的提高或利润的下降。为此，本文针对南水北调中的城市工业用水，提出利用期货市场的风险转移功能来规避水价波动给企业带来的风险，有利于增强企业的国际竞争力。

UTILIZING FUTURES MARKET TO EVADE THE RISK OF WATER PRICE FLUTUATION IN THE PROJECT OF WATER DEVERSION FROM THE SOUTH TO THE NORTH

Water diversion from the South to the North is a large scale project in order to relax water crisis in the North. For suiting the needs of socialist market economy, the project will adopt market mechanism, that is, water price will be determined by the relationship of water supply and demand. In the meantime, the price fluctuation determines the existing of the price risk, if water price is too high, it will bring about production cost increasing and profit decreasing. As a result, in the light of the urban water using for industry, the paper puts forward that utilizing the function of risk shifting of the futures market to evade the risk caused by water price fluctuation for enterprises, and it is benefit for enterprises to increase their international competition.