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Become a benchmark for cross-border trade pricing for many leading companies
Become a cross-border trade pricing benchmark for many leading companiesSinochem News News on August 12, the Shanghai International Energy Exchange Center (Shangqi Energy for short) No.
20 rubber futures was listed for the second anniversary
.
Over the past two years, No.
Since its listing, No.
20 rubber futures have generally shown a good trend of "smooth trading, smooth settlement, smooth delivery, and preliminary functions"
.
First, the scale of transactions has grown steadily
The relevant person in charge of the energy of the previous period stated that the No.
20 rubber futures has been listed and operated for two years, and the correlation coefficient with domestic and overseas futures and spot prices has remained above 0.
9.
The price linkage is close, and it has begun to have an influence in the international market
.
Since the outbreak of the new crown pneumonia epidemic in 2020, the price fluctuations of natural rubber have increased.
Upstream and downstream companies in the industry have used natural rubber derivative futures for hedging and expanded trade channels by participating in delivery, effectively hedging the impact of price fluctuations on the production and operation of enterprises Risk
.
Especially after the listing of No.
As the relevant person in charge of Guangken Rubber said: "When the epidemic just broke out, the price of natural rubber fell off a cliff, and the international demand for No.
20 rubber stagnated.
The company immediately evaluated the situation and used Shanghai No.
20 rubber futures for inventory.
Hedging, the cumulative physical delivery of nearly 5,000 tons from March to April 2020, the combination of futures and currents will escort the smooth operation of the enterprise
.
"
Liu Wei, deputy general manager of Shanghai Dragon Rubber of Haijiao Group, said that in January 2020, Haijiao produced the first domestically produced No.
20 rubber futures bonded standard warehouse receipt; in November 2020, the company completed the domestically produced No.
20 rubber futures bonded standard.
The first delivery of the warehouse receipt
.
In the first half of this year, these domestic warehouse receipts have been successfully declared.
According to reports, No.
20 rubber futures has been used by many domestic and foreign industry chain leaders as a pricing benchmark in cross-border trade.
Thai Hua Rubber, Sailun Tire, Yongan Capital, and Zhejiang Industry and other companies on October 29, 2020 Signed a memorandum of cooperation on the use of INE20 rubber futures as the pricing benchmark for spot trading
.
At the same time, No.
In the next step, the last issue of Energy will launch TAS instructions and arbitrage instructions for No.
