Celebrate the first anniversary of Chinese TSR20 futures listing

13 October 2020 | Source from China Rubber Journal

On August 20, Shanghai Futures Exchange, China Natural Rubber Association and China Rubber Industry Association (CRIA) jointly hosted the 2020 Natural Rubber Market Forum online to celebrate the anniversary and discuss the current development status and future trends of TSR20.

Xu Wenying, vice president and secretary-general of CRIA, made a speech. She indicated that for a long time, the Shanghai Futures Exchange has been serving the real economy as its purpose and assisting enterprises in risk management. Especially during the COVID-19 epidemic this year, the Shanghai Futures Exchange effectively reduced investor costs through innovative service models and strongly supported the resumption of work and production. TSR20 futures provide an RMB price reference for the bonded spot market. While reflecting the fundamentals of TSR20's supply and demand, it also reflects market expectations for exchange rate changes. With the continued operation of TSR20 futures, the market will have a deeper understanding of it, and its price discovery and hedging functions will be more fully utilized.

At present, the Shanghai Futures Exchange's natural rubber series derivatives have formed a complete product sequence, covering natural rubber futures, TSR20 futures, natural rubber options, natural rubber standard warehouse receipts business, and natural rubber "insurance + futures" targeted poverty alleviation projects. 

The picture shows the launching ceremony of TSR20 futures on August 12, 2019.

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