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China Rubber Futures

Fang submitted 2019-01-29 19:07:56

In 2018, the volume of SHFE natural rubber futures was 61.85 million lots (single side). This volume ranked first in the global natural rubber futures market, which provided abundant liquidity for hedging of natural rubber industry.
The delivery volume of SHFE natural rubber futures has increased significantly, which has effectively played a hedging function. Delivery volume increased by 26% from 177,000 tons in 2014 to 223,000 tons in 2018. Over the past five years, 117,000 tons have been delivered.
Since 2010, the correlation coefficient between natural rubber futures price and domestic spot price has been stable above 0.9, and the futures and spot market prices are closely linked. The price of natural rubber futures has become the main reference standard for pricing domestic rubber spot trade, which can reflect the changes of domestic supply and demand in a timely manner.

2018年上期所天然橡胶期货成交量为6185万手(单边),成交规模稳居全球天然橡胶期货市场第一,为天然橡胶产业套期保值提供了充裕的流动性。
上期所天然橡胶期货交割量显著提升,有效发挥了套期保值功能。交割量从2014年的17.7万吨增长至2018年的22.3万吨,增幅26%。五年累计交割117万吨。
2010年以来,上期所天然橡胶期货价格与国内现货价格相关系数始终稳定在0.9以上,期现市场价格联动紧密。上期所天然橡胶期货价格已成为国产胶现货贸易的主要定价参考基准,可较为及时地反映国内供需关系的变化。

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