上海天然胶期货在大阪交易所上市

Core Viewpoint - The listing of the "Shanghai Natural Rubber Futures" contract on the Osaka Exchange (OSE) marks a significant milestone in the deepening cooperation between China and Japan's capital markets, facilitating the global service of "Chinese prices" [1][2]. Group 1: Contract Details - The first batch of listed contracts includes three monthly contracts expiring in September 2025, January 2026, and May 2026, with a total trading volume of 322 lots and an open interest of 152 lots on the first trading day [1]. - The contract is designed to use the settlement price of the Shanghai Futures Exchange (SHFE) natural rubber futures in Renminbi as the cash settlement benchmark, multiplied by 100 Japanese Yen, eliminating currency conversion and tax deductions [2]. Group 2: Market Impact - The collaboration is seen as a practical measure for the high-level opening of China's futures market, providing richer risk management options for global rubber industry chain enterprises [2]. - The OSE CEO highlighted that this contract combines Japan's diverse hedging tools with China's robust growth advantages, broadening hedging channels for Japanese industry clients and global investors [2]. Group 3: Industry Response - Notable rubber producers such as Lianrun Rubber and Shidong Rubber expressed that the direct linkage to "Shanghai rubber" prices and the convenient cash settlement method provide new pathways for risk management and asset allocation in international trade [2]. - Several international investment institutions plan to actively participate in the new contract to achieve cross-market resource integration [2].