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 2008, SHFE natural rubber futures traded 92,922,206 contracts (+10.12 percent YOY) and its turnover amounted to 9,275.8 billion yuan (+6.34 percent YOY), making it the most active (in terms of volume) futures contract and second largest (in terms of turnover) futures contract on the SHFE.

SHFE Monthly Volume by Product.JPG


Natural Rubber futures
Exchange Shanghai Futures Exchange
Settlement Physically delivered
Contract Size 5 ton/lot
Pricing Unit 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 Electronic
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.