46
The world's first listing of synthetic rubber futures and options
2023/7/31
On July 28, the world's first synthetic rubber futures and options were officially listed on the Shanghai Futures Exchange. On the same day, at the listing ceremony held by the Shanghai Futures Exchange, Zhang Bo, the Futures Supervision Department of the China Securities Regulatory Commission, read out the CSRC's "Reply on Approving the Registration of Synthetic Rubber Futures and Options at the Shanghai Futures Exchange". Personnel from the CSRC system units, Shanghai Municipality, relevant industry associations, upstream and downstream enterprises in the synthetic rubber industry chain, member units of the Shanghai Futures Exchange, delivery warehouses, quality inspection agencies, market agencies and other units witnessed the listing activities.
Tian Xiangyang, chairman of SHFE, said in his speech that the listing of synthetic rubber futures and options is a way for SHFE to increase the supply of commodity futures and options products, improve the system of energy and chemical products, better serve and lead the development of the real economy, and help the construction of Shanghai as an international financial center , an important measure to take the road of developing a modern capital market with Chinese characteristics.
Synthetic rubber, synthetic resin, and synthetic fiber are listed as the three major synthetic materials, which play an extremely important role in the national economy. They complement each other and develop in harmony with natural rubber, and together constitute the basic raw materials for the rubber processing industry. As the world's largest producer, consumer and importer of synthetic rubber, my country also ranks first in the world in terms of tire production, and the risk management needs of upstream and downstream enterprises in the industrial chain are very strong.
Tian Xiangyang said that the listing of synthetic rubber futures and options will help improve the market-oriented pricing mechanism and help the transformation and upgrading of the rubber and tire industry with market-oriented means; The bargaining power of international trade will enhance the influence of "China's price"; it will help to further enrich the risk management tools of the rubber industry chain. Enterprises can flexibly use futures and options combination strategies according to market changes and their own needs, and put on "seat belts" for stable operations ".
Wang Fenghai, general manager of SHFE, presided over the listing activity, said that the listing of synthetic rubber futures and options is the first simultaneous launch of futures and options by SHFE. Accuracy, expanding the scope of serving the real economy, and specific actions to help the high-quality development of the real economy.
"As the world's largest producer, consumer and importer of synthetic rubber, my country's synthetic rubber industry has a large scale and wide-ranging influence, involving automobile industry, aerospace and other industries that are related to the national economy and people's livelihood. In recent years, affected by the external environment, market supply and demand and Affected by factors such as raw materials, the price fluctuations in the synthetic rubber market have intensified, and the risk management needs of related entity enterprises are strong." He said that the launch of synthetic rubber futures and options will further improve the price formation mechanism of the energy and chemical industry, and provide more upstream and downstream entities in the industrial chain. Rich risk management tools improve operating efficiency and help my country move from a big rubber country to a rubber power.
Zhao Jungui, vice president and secretary-general of China Petroleum and Chemical Industry Federation, introduced in his speech that since the 18th National Congress of the Communist Party of China, my country's synthetic rubber industry has taken high-quality development as its primary task, firmly implemented the new development concept, and continuously promoted the modernization of the synthetic rubber industry. The construction of manufacturing system and market system, the steady improvement of the quality of industry operation, and the continuous enhancement of industrial competitiveness and anti-risk ability. Not only the output of synthetic rubber ranks first in the world, but the product quality and technical level as a whole have entered the world's advanced ranks.
"The timely introduction of synthetic rubber futures and options not only provides a new market-oriented tool for enterprises in the synthetic rubber industry chain to carry out risk management and stabilize production and operation, but also further improves the product sequence of energy and chemical futures." Zhao Jungui said, which will further promote The high-quality and standardized development of the synthetic rubber industry will promote the formation of "Chinese prices" and further enhance the international competitiveness and influence of my country's synthetic rubber industry. It will have a far-reaching impact.
As an industry representative, He Shengbao, senior deputy general manager of China National Petroleum Corporation Refining Chemicals and New Materials Branch, also said that under the background of intensified macroeconomic uncertainty and industrial transformation and upgrading, the listing of synthetic rubber futures and options is of great help to the industry. It is of great significance to improve the risk management capabilities of chain enterprises and promote the high-quality development of the synthetic rubber industry. The listing of synthetic rubber futures and options will form a synergy with listed energy and chemical futures and options such as crude oil, natural rubber, and TSR 20, providing the market with more abundant risk management tools and improving the risk management capabilities of real enterprises.
Tian Xiangyang, chairman of SHFE, said in his speech that the listing of synthetic rubber futures and options is a way for SHFE to increase the supply of commodity futures and options products, improve the system of energy and chemical products, better serve and lead the development of the real economy, and help the construction of Shanghai as an international financial center , an important measure to take the road of developing a modern capital market with Chinese characteristics.
Synthetic rubber, synthetic resin, and synthetic fiber are listed as the three major synthetic materials, which play an extremely important role in the national economy. They complement each other and develop in harmony with natural rubber, and together constitute the basic raw materials for the rubber processing industry. As the world's largest producer, consumer and importer of synthetic rubber, my country also ranks first in the world in terms of tire production, and the risk management needs of upstream and downstream enterprises in the industrial chain are very strong.
Tian Xiangyang said that the listing of synthetic rubber futures and options will help improve the market-oriented pricing mechanism and help the transformation and upgrading of the rubber and tire industry with market-oriented means; The bargaining power of international trade will enhance the influence of "China's price"; it will help to further enrich the risk management tools of the rubber industry chain. Enterprises can flexibly use futures and options combination strategies according to market changes and their own needs, and put on "seat belts" for stable operations ".
Wang Fenghai, general manager of SHFE, presided over the listing activity, said that the listing of synthetic rubber futures and options is the first simultaneous launch of futures and options by SHFE. Accuracy, expanding the scope of serving the real economy, and specific actions to help the high-quality development of the real economy.
"As the world's largest producer, consumer and importer of synthetic rubber, my country's synthetic rubber industry has a large scale and wide-ranging influence, involving automobile industry, aerospace and other industries that are related to the national economy and people's livelihood. In recent years, affected by the external environment, market supply and demand and Affected by factors such as raw materials, the price fluctuations in the synthetic rubber market have intensified, and the risk management needs of related entity enterprises are strong." He said that the launch of synthetic rubber futures and options will further improve the price formation mechanism of the energy and chemical industry, and provide more upstream and downstream entities in the industrial chain. Rich risk management tools improve operating efficiency and help my country move from a big rubber country to a rubber power.
Zhao Jungui, vice president and secretary-general of China Petroleum and Chemical Industry Federation, introduced in his speech that since the 18th National Congress of the Communist Party of China, my country's synthetic rubber industry has taken high-quality development as its primary task, firmly implemented the new development concept, and continuously promoted the modernization of the synthetic rubber industry. The construction of manufacturing system and market system, the steady improvement of the quality of industry operation, and the continuous enhancement of industrial competitiveness and anti-risk ability. Not only the output of synthetic rubber ranks first in the world, but the product quality and technical level as a whole have entered the world's advanced ranks.
"The timely introduction of synthetic rubber futures and options not only provides a new market-oriented tool for enterprises in the synthetic rubber industry chain to carry out risk management and stabilize production and operation, but also further improves the product sequence of energy and chemical futures." Zhao Jungui said, which will further promote The high-quality and standardized development of the synthetic rubber industry will promote the formation of "Chinese prices" and further enhance the international competitiveness and influence of my country's synthetic rubber industry. It will have a far-reaching impact.
As an industry representative, He Shengbao, senior deputy general manager of China National Petroleum Corporation Refining Chemicals and New Materials Branch, also said that under the background of intensified macroeconomic uncertainty and industrial transformation and upgrading, the listing of synthetic rubber futures and options is of great help to the industry. It is of great significance to improve the risk management capabilities of chain enterprises and promote the high-quality development of the synthetic rubber industry. The listing of synthetic rubber futures and options will form a synergy with listed energy and chemical futures and options such as crude oil, natural rubber, and TSR 20, providing the market with more abundant risk management tools and improving the risk management capabilities of real enterprises.
Li Suoshan, deputy general manager of Sinopec Chemical Sales Co., Ltd., also believes that in recent years, the variety of chemical futures has gradually increased, the transaction volume has increased year by year, the integration of futures and cash has been continuously strengthened, and the price discovery function of the futures market has been significantly improved. Synthetic rubber futures will play a positive role in optimizing the industrial price system and guiding the adjustment of industrial structure.
JIN DUN CHEMICAL has built a special (meth) acrylic monomer manufacturing base in ZHEJIANG province. This makes sure the stable supply of HEMA, HPMA, HEA, HPA, GMA with high level quality. Our special acrylate monomers are widely used for thermosetting acrylic resins, crosslinkable emulsion polymers, acrylate anaerobic adhesive, two-component acrylate adhesive, solvent acrylate adhesive, emulsion acrylate adhesive, paper finishing agent and painting acrylic resins in adhesive.We have also developed the new and special (meth) acrylic monomers and derivatives. Such as the fluorinated acrylate monomers, It can be widely used in coating leveling agent, paints, inks, photosensitive resins, optical materials, fiber treatment, modifier for plastic or rubber field. We are aiming to be the top supplier in the field of special acrylate monomers, to share our rich experience with better quality products and professional service.
