The influence of TSR 20 futures prices is gradually increasing

　　Sinochem News News on July 14, Shanghai International Energy Exchange (hereinafter referred to as the last issue of energy) announced that TSR 20 futures have been listed for nearly 3 years.
Clients participate and use TSR 20 futures for pricing
.
According to incomplete statistics, in the first half of this year, the physical trade volume using TSR 20 futures as the benchmark for cross-border trade pricing was nearly 1.
4 million tons, 28 times that of 2021.
nearly 30% of the amount
.

　　In 2022, the top natural rubber manufacturers at home and abroad, such as Thailand Lianyi Group, Singapore Hesheng Agricultural Group, Haijiao Group, Thailand Taihua Rubber, etc.
, domestic and foreign well-known tire enterprises Double Star Group, South Korea's Kumho Tire, etc.
, will be used for the first time.
TSR 20 futures serve as the benchmark for cross-border trade pricing
.
Guangken Rubber and others have also further expanded the pricing ratio of TSR 20 futures in their cross-border trade
.
Double Star Group also used RMB to settle cross-border trade for the first time
.

　　Wang Xuefeng, deputy general manager of the Shanghai subsidiary of Singapore Hesheng Agricultural Group, said that in the early production and operation, the pricing of enterprises and customers mostly used the Singapore Exchange (SGX) TSR 20 futures pricing
.
In 2021, Hopson Shanghai successively signed long-term supply agreements with large domestic rubber trading enterprises, state-owned tire manufacturers and foreign tire manufacturers, using the previous near-month contract of energy TSR 20 futures as the pricing benchmark
.
In the first quarter of 2022, the company actively overcame the impact of the epidemic to promote the connection of production and sales, and completed the delivery of more than 4,000 tons of goods with corresponding enterprises, with smooth contract performance and high customer satisfaction
.

　　TSR20 futures are also favored by downstream tire companies as a benchmark for cross-border trade
.
As a state-owned enterprise, Double Star Group, together with its holding company Kumho Tire, will use TSR 20 futures as the pricing benchmark to purchase more than 10,000 tons of overseas natural rubber for the first time in the first quarter of 2022
.

　　It is understood that natural rubber, as an important strategic material, has a pricing system similar to that of crude oil, copper, soybeans and other commodities, and has gone through three stages of monopoly pricing, spot pricing and futures market pricing
.
In the 1950s, the world's first natural rubber futures was listed, and the natural rubber market gradually introduced futures pricing; in 1993, natural rubber futures were listed in Shanghai, and China's natural rubber industry entered an era of parallel futures pricing and spot pricing; in 2019, natural rubber futures The international variety - TSR 20 futures was listed in the last issue of Energy, and China's natural rubber futures were integrated into the international pricing system
.
"With the vigorous development of 'Shanghai Rubber', the international pricing of natural rubber will enter the era of 'Shanghai, China'
," said Wang Xuefeng
.