Recently, the Shanghai Futures Exchange issued a notice that it has publicly solicited opinions on natural rubber option contracts and related rules. The public solicitation includes "Shanghai Futures Exchange Natural Rubber Futures Options Contract" and "Shanghai Futures Exchange Options Trading Management Measures". And other relevant implementation details amendments.
The industry generally believes that the listed natural rubber options can make the natural rubber industry form a reasonable pricing mechanism, which is conducive to providing effective and flexible risk management tools for upstream and downstream enterprises in the industry chain, thereby enhancing China's pricing influence and upgrading the natural rubber industry. Optimizing the industrial structure is of great significance.
No. 20 standard rubber accelerated listing
Previously, the application for the application of No. 20 rubber as a specific futures product in the previous period has been approved, which means that the raw material “large household” No. 20 rubber for tire manufacturing will officially land in the previous period, which will be the domestic rubber products such as tires. A big benefit for the company.
According to "China Rubber", No. 20 glue is the most important and 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 of radial tires, etc.
According to statistics, the consumption of No. 20 rubber in China is about 3.07 million tons in 2016, but it has only been imported from Indonesia, Thailand and other countries for a long time. The listing of No. 20 glue will shift the focus of rubber producers around the world. China, in addition, it will copy the relevant policies of crude oil futures, adopting the “international platform and renminbi pricing” as the listing model, and adopting the scheme of net price trading and bonded delivery will inevitably strengthen the pricing power of the Chinese market.
It is worth noting that if the No. 20 glue is listed in China, 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 landed 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.