The world's first synthetic rubber futures and options were listed for trading in Shanghai, with a first-day transaction of 4.95 billion yuan in rubber | futures | synthetic

Release time:Apr 14, 2024 11:29 AM

The world's first synthetic rubber futures and options were listed for trading in Shanghai, and China's futures and derivatives market system continues to improve. On July 28th, as the first futures and options variety to be simultaneously listed on the Shanghai Futures Exchange, synthetic rubber futures with butadiene rubber as the underlying commodity were listed at 9:00 am, and synthetic rubber options were listed at 9:00 am on the same day.

The first batch of synthetic rubber futures was listed for trading, with a total of 7 contracts listed at a benchmark price of 9990 yuan/ton. On that day, the opening price of the main BR2401 contract was 10750 yuan/ton, and the closing price was 10755 yuan/ton, an increase of 765 yuan/ton from the listed benchmark price, or 7.66%. A total of 92400 transactions were made throughout the day, with a transaction amount of 4.95 billion yuan and a position of 20900.

Synthetic rubber, along with synthetic resin and synthetic fiber, are listed as the three major synthetic materials and play an extremely important role in the national economy. They complement and coordinate with natural rubber, forming the basic raw materials for the rubber processing industry. As the world's largest producer, consumer, and importer of synthetic rubber, China's tire production also ranks first in the world, and there is a strong demand for risk management among upstream and downstream enterprises in the industrial chain. Tian Xiangyang, Chairman of the Shanghai Futures Exchange, stated that listing synthetic rubber futures and options will help improve market-oriented pricing mechanisms and assist in the transformation and upgrading of the rubber and tire industry through market-oriented means; Helping to fill the pricing gap in the international synthetic rubber and even butadiene industry chain, enhancing China's international trade bargaining power, and enhancing the influence of "Chinese prices"; Helping to further enrich the risk management tools of the rubber industry chain, enterprises can flexibly use futures and options combination strategies according to market changes and their own needs, tying a "safety belt" for stable operations.

What new concepts are reflected in the concept of "strengthening the body and keeping fit"? For the first time in the history of Shanghai Lupu Bridge, structural maintenance has been quietly completed for the Lupu Bridge | Bridge | Concept
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The Lupu Bridge, the sixth bridge on the Huangpu River in Shanghai and known as the "world's largest arch," has recently completed its first structural repair since its construction. Since 2015, Shanghai's urban bridges have entered a peak maintenance period, with several iconic bridges undergoing maintenance and renovation, including Zhejiang Road Bridge, Nanpu Bridge, Yangpu Bridge, Songpu Bridge, etc. Why did the Lupu Bridge, which is younger than them, start "strengthening and keeping fit" early on? The Jiefang Daily Shangguan News reporter learned that after this maintenance, the Lupu Bridge still needs to consider upgrading, reflecting the new concept of urban municipal facility operation. How long can disease removal last? June 28th is the 20th anniversary of the opening and operation of the Lupu Bridge. Why did a young bridge who had just turned 20 start maintenance work early? The design period of the main structure of Lupu Bridge is 1 year

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The consumption scene of Xujiahui Nightlife Festival continues to be updated, and the more exciting the night, the more local | Consumption | Xujiahui
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"Night economy" is a barometer of urban vitality. As one of the national level night culture and tourism consumption clusters, since the opening of the 2023 Shanghai Nightlife Festival, the consumption scenes of "sports+", "local+", and "trend+" have continued to innovate in Xujiahui Nightlife Festival, bringing a new consumption experience of "more exciting the night" to the general public and tourists. As one of the first sports industry clusters in Shanghai, the "2023 Xuhui District Sports Consumption Carnival" was launched from June 9th to 11th in the Xujiahui commercial district. During this 3-day carnival, more than 30 famous sports brands, leading sports enterprises in Shanghai, and characteristic sports institutions were shortlisted for the event. In addition, Shanghai Free Fighting Amateur Open, China Coordinate Shanghai Xuhui Directional Outdoor Challenge, Xuhui District Basketball Season Finals, One Dart Throwing Victory Dart Challenge, etc

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After three years of the epidemic, the country has reopened and the outside world has changed a lot. For Chinese travelers, inflation in many countries around the world and the European energy crisis have caused the cost of European travel to rise sharply. In the face of such a new situation, at the "2023 European Travel Carnival" that kicked off in the shopping street of Jing'an Temple Station of Shanghai Metro today, tourism practitioners put forward the concept of "Travelmoreforless" and strive to provide more customized travel routes for tourists who prefer characteristic routes. This European Travel Carnival is the fourth "May 5 Shopping Festival" and one of the important activities of the "Shanghai Import Hi Shopping Festival. From Switzerland, UK, Croatia, Poland, Norway, Denmark, UK, Hamburg, Flanders, Belgium, Sweden, Portugal, etc

What does the Lujiazui Forum rely on to attract global attention? Over the past 15 years, the forum has focused on economics, finance, and other related topics
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