Natural rubber derivatives cover domestic and overseas markets, increasing international influence

Natural rubber is an important strategic material and industrial raw material in my country.

Natural rubber is an important strategic material and industrial raw material in my country.

Since the listing of natural rubber futures on the Shanghai Futures Exchange in 1999 , after more than 20 years of development, the current natural rubber series derivatives have formed a complete product sequence, covering natural rubber futures, No.

The price of natural rubber futures has become the benchmark for industry trade pricing.

Judging from the current market operation, firstly, the trading volume of natural rubber futures on the Shanghai Futures Exchange has ranked first in the global rubber futures market, providing ample liquidity for hedging the natural rubber industry; secondly, the correlation coefficient between natural rubber futures prices and the domestic spot market High, which reflects the changes in market supply and demand in a timely manner, and has become the main pricing reference benchmark for domestic spot rubber trade.

In terms of service industry chain enterprises, domestic production enterprises represented by Nongken choose to discover prices and lock in profits through the futures market, and have achieved significant gains in managing capital risks and guiding business operations; rubber products represented by tire factories and tape factories By participating in hedging in the futures market, companies have effectively avoided the risks caused by fluctuations in raw material prices and enhanced their viability and market competitiveness.

Taking steps towards internationalization, service companies "go out".

One year since the listing of No.

It can be said that the No.

Assist in poverty alleviation and in-depth service market demand.

At the same time, the Shanghai Futures Exchange is adhering to the development strategy of "one main body and two wings", continuously enriching the product level of the natural rubber derivatives market, and expanding the depth and breadth of the natural rubber derivatives market serving the real economy.

As the world's first natural rubber venue options products, 2019 Nian 1 Yue 28 Today domestic natural rubber options on the issue of the official launch, on the one hand the rich industrial chain business of risk management tools, saving the cost of capital stock companies hedging, It improves the efficiency of capital use and provides a broader space for relevant market operations; on the other hand, it promotes better use of the price discovery function of the natural rubber futures market, and further improves the pricing mechanism of the natural rubber industry chain.

After the launch of natural rubber options on the Shanghai Futures Exchange, the market has been operating smoothly and the industry has participated extensively.
Data show that 2020 first half of natural rubber options cumulative volume was 54.
02 million contracts, a total turnover of 14.
14 billion yuan, the end positions for the 2.
86 million contracts, corporate customer positions accounted for 52.
09% .
At present, enterprises in the natural rubber industry chain actively participate in option transactions and have achieved good hedging effects.
Especially after the outbreak of the epidemic at the beginning of this year, the weak market demand caused the price of natural rubber to plummet.
Many rubber companies have successfully avoided the adverse impact of the sharp fall in rubber prices on the spot exposure inventory by purchasing put options, and ensured the stable operation of the company.
.
Among them, a large rubber trader in the south predicted that the market price would gradually rebound in the later stage, so selling rubber put options received premiums.
If the price falls further in the later period, the company can purchase rubber at a low price specified in the contract; if the price rises, the company can collect royalties in full to cover the purchase cost.