Synthetic rubber futures options will debut simultaneously in Shanghai, with options listed for trading on July 28th | Futures | Shanghai
The reporter learned from the Shanghai Futures Exchange today that the official trading time for synthetic rubber futures contracts is 9:00 am on July 28, 2023, and the official trading time for synthetic rubber options contracts is 9:00 am on July 28, 2023. This is the first futures and options product to be listed simultaneously on the Shanghai Futures Exchange, with the contract name and delivery grade being butadiene rubber.
The previous exchange issued notices on synthetic rubber futures, option contracts, and related business rules, as well as matters related to the listing and trading of synthetic rubber futures and options. On the one hand, risk control measures such as limit up and limit down, margin, and limit position systems that are in line with the characteristics of the synthetic rubber market should be formulated. On the other hand, among the many types of synthetic rubber, butadiene rubber with large volume, stable standards, and representativeness has been selected as the futures delivery target. A physical delivery system for butadiene rubber futures has been developed that meets the current industrial situation and development trends, conforms to spot trade habits, storage and transportation characteristics, and product characteristics. Domestic and foreign commodity certification is implemented for deliverable goods, and business rules such as "warehouse" and "factory warehouse" are adopted for delivery.
According to the introduction in the previous issue, most downstream tire enterprises of synthetic rubber are in the period of industrial transformation, and have "gone global" under the promotion of the "the Belt and Road" initiative. Introducing synthetic rubber futures and options during this period can effectively improve the rubber industry futures industry chain and provide price risk management tools for synthetic rubber enterprises in China. Choosing butadiene rubber as the delivery target at the same time can effectively map the upstream butadiene raw material prices, play a role in assisting pricing, and is a specific manifestation of the futures market serving China's real economy.