大阪交易所将于下周一推出上海天然橡胶期货合约

Core Viewpoint - The Osaka Exchange (OSE) will launch Shanghai natural rubber futures contracts on May 26, 2025, providing a new hedging tool for global participants and enhancing market collaboration [1][2] Group 1: Contract Specifications - The new contract will be based on the Shanghai Futures Exchange's natural rubber futures prices, denominated in Japanese yen, and will utilize a cash settlement model [1] - The contract will target the most active trading months of January, May, and September from the Shanghai Futures Exchange [1] - Trading hours will be from 9:00 to 15:45 and 17:00 to 19:00 Tokyo time, with the day session starting one hour earlier and the night session five hours earlier than the Shanghai Futures Exchange [1] - The contract unit will be measured in index points rather than tons, with a minimum price fluctuation of 5 points and a contract value calculated as contract points multiplied by 100 yen [1] - The price limit will be set at ±10%, higher than the Shanghai Futures Exchange's ±6% limit [1] Group 2: Market Strategy and Support - OSE aims to provide an effective hedging tool for participants managing rubber price volatility, particularly those holding rubber inventory in China or trading rubber-related products in RMB [2] - To ensure successful listing, OSE is focusing on market access and liquidity, with several major brokers and market makers already prepared to support the new contract [2] - At least seven market makers have registered to provide continuous buy and sell quotes to facilitate smooth trading [2] - OSE will waive trading and clearing fees for the Shanghai natural rubber futures contract until the end of December 2025 to attract more investors [2] - OSE expresses the expectation that the new contract will inject innovative tools into the global rubber market, enhancing supply chain resilience and promoting industry growth [2]