China launches TSR20 futures trading

Shanghai, China – The Shanghai International Energy Exchange (INE) has started the trading of yuan-denominated TSR20 futures (Technically Specified Rubber), which is open to overseas investors.

The mostly traded front-month contract NR2002, for delivery in February 2020, opened at Yuan9,260 and closed 6.6% higher at Yuan9,875 at the end of the first trading day on 12 Aug.

“Given the huge NR market in China, the listing of TSR20 futures is beneficial to the establishment of a pricing system in the global NR market, as well as to…

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