Mainland China Market
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List of Products


INE TSR20 Futures

1. Product introduction

After more than 20 years of development, the natural rubber futures market of Shanghai Futures Exchange (SHFE) has developed rapidly, featuring active trading and rapid growth in trading volume and positions. The SHFE natural rubber futures has a growing influence on the pricing in the spot market and performs well its designed functions. TSR20 futures is the second product available for foreign traders at the Shanghai International Energy Exchange (hereinafter referred to as the INE). Given the huge natural rubber market in China, the listing of TSR20 futures is beneficial to the establishment of a pricing system in the global natural rubber market, as well as to the development of China’s rubber industry.

2. Contract specifications

Product TSR 20
Contract Size 10 metric tons/lot
Price Quotation (RMB) Yuan/metric ton
(no tax or duty included in the quotation)
Minimum Price Fluctuation 5 Yuan/metric ton
Daily Price Limits ±5% from the settlement price of the previous trading day
Listed Contracts January, February, March, April, May, June, July, August, September, October, November, and December
Trading Hours 9:00-11:30 a.m., 1:30-3:00 p.m. (the Beijing Time), and other trading hours as prescribed by the Exchange
Last Trading Day The 15th day of the delivery month (postponed accordingly if it is a national holiday or weekend; the Shanghai International Energy Exchange is entitled to adjust the last trading day in accordance with the national holidays or weekends.)
Delivery Period Five (5) consecutive trading days after the last trading day
Grades and Quality Specifications Refer to Appendix for detailed quality standards
Delivery Venues Delivery Storage Facilities designated by the Shanghai International Energy Exchange
Minimum Trading Margin 7% of contract value
Settlement Type Physical delivery
Product Symbol NR
Listing Exchange Shanghai International Energy Exchange
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