SHFE Natural Rubber
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.
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.
|Natural Rubber futures|
|Exchange||Shanghai Futures Exchange|
|Contract Size||5 ton/lot|
|Pricing Unit||5 yuan (RMB)|
|Tick Value||5 yuan (RMB)/ton|
|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|
|Price Limits||N/A||Within range of 4% above or below the settlement price of the previous trading day|
- Natural Rubber Contract Specifications. Shanghai Futures Exchange.