The report reviewed market performance since PET bottle chip went public. It pointed out that PET bottle chip saw subdued volatility in normal periods with limit-down crashes once prices fell during 2024-2025, followed by a trending sharp rally in 2026. Traders adopting range-bound strategies struggled to withstand abrupt extreme price swings. Mr. Zhang emphasized that "futures are not for speculation, but for avoiding speculation". He systematically illustrated pitfalls in basis trading, pricing power competition and futures-spot hedging, and warned that futures-spot hedging carries hidden risks including spot default, margin calls and tax differences. He proposed that enterprises should clarify their positioning and enforce trading discipline to stay within their competency scope and capture returns within cognitive boundaries.