SHFE Natural Rubber

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SHFE natural rubber futures trade on the Shanghai Futures Exchange (SHFE).

Each SHFE natural rubber futures contract represents 5 tons of deliverable grade natural rubber, which is defined as domestic natural rubber with the qualification of 1st grade (SCR5, GB8081-8089-87) or overseas natural rubber that conforms to RSS3, International Quality And Package Standard of Rubber(1979) as good for delivery, and its delivery date is set as the 16th to 20th day of the spot month^[1].

Each SHFE natural rubber futures contract is subject to a margin rate equivalent to 5 percent of contract value (e.g., 12420 yuan = 24840 yuan [RU0809 last price on May 23, 2008] x 5 [tons/contract] x 5 percent) as well as a trading fee equal or below 0.02 percent of transaction value / contract.

In 2007, SHFE natural rubber futures traded 84,383,454 contracts (+61.98 percent YOY) and its turnover amounted to 8,722.5 billion yuan (+56.52 percent YOY), making it the most active (in terms of volume) futures contract on SHFE and second largest (in terms of turnover) futures contract on SHFE as well as in China's overall futures market.

Natural Rubber futures
Exchange	Shanghai Futures Exchange
Settlement	Physically delivered
Trade Unit	5 ton/lot
Point Value	5 yuan (RMB)
Tick Value	5 yuan (RMB)/ton
Contract Months	Jan.,Mar.,Apr.,May.,Jun.,Jul.,Aug.,Sep.,Oct.,Nov.
Last Trading Day	The 15th day of the spot month
Note: This contract is electronic ONLY -- no open outcry
	No Open Outcry	No Electronic Market
Trading Hours	N/A	9:00 am to 11:30 am, 1:30 pm to 3:00 pm
Ticker Symbol	N/A	RU
Price Limits	N/A	Within range of 4% above or below the settlement price of the previous trading day

Notes

References

1. ↑ Natural Rubber Contract Specifications. Shanghai Futures Exchange. Retrieved on May 24, 2008.