Recently, the Shanghai Futures Exchange has approved the application of No. 20 rubber as a specific futures product, which has been approved by the China Securities Regulatory Commission. This means that the tire manufacturing “big family” No. 20 rubber will officially land in the previous period, and some industry insiders said that this It will be a big plus for domestic rubber products such as tires.
China Rubber Network has learned that No. 20 glue is the most important and most representative variety of natural rubber. It is the main raw material used by domestic tire manufacturers. It accounts for about 80% of rubber raw materials and is mainly used for production. All steel tires, semi-steel tires, bias tires, etc.
According to statistics, in 2016, the consumption of No. 20 rubber in China was about 3.07 million tons. However, for a long time, domestic raw material companies were unable to meet the demand for No. 20 rubber because they could not produce cup rubber. They can only pass from Indonesia, Thailand. And other countries import.
It is understood that the Singapore Exchange (SICOM) has a 20th rubber futures contract, which makes it a pricing center for global natural rubber production (spot). For this reason, about 70% of global tire manufacturers have procurement in Singapore. center.
This time, the No. 20 glue listed in the previous issue will shift the focus of rubber producers around the world to China. In addition, it will copy the relevant policies of crude oil futures, adopt the “international platform, RMB denomination” as the listing model, and adopt net price trading. The plan for bonded delivery is bound to enhance the pricing power of the Chinese market.
It is worth noting that the 20th rubber is listed in China, and traders may consider ways to make it easier for domestic manufacturers to obtain raw materials, which is beneficial for the factory to effectively obtain raw materials for production.
According to industry sources, the previous domestically delivered products were WF full latex, most of which were used to produce rubber products. Tire manufacturers were “not interested”. The important raw materials for this production were registered in the domestic futures market. Some domestic tire manufacturers with strong capital and risk management and control capabilities will conduct related transactions, which is extremely beneficial to the company's procurement cost control.