Tire companies joined the "Circle of Friends" of SH Rubber

On December 7th, the Futures Market Service Natural Rubber Industry High-quality Development Seminar was held in Qingdao, Shandong. At the same time, the Cooperation Activity of the No. 20 Rubber Trade Pricing Period also took place. Fifteen leading enterprises in the upstream, middle and downstream of the domestic and foreign natural rubber industry signed a memorandum of cooperation on the pricing period of the No. 20 rubber trade. In the procurement and supply of No. 20 rubber, they will use the No. 20 rubber futures price of Shanghai International Energy Exchange Center as a pricing benchmark for domestic and cross-border trade. With the conclusion of the memorandum, the "circle of friends" of the 20th rubber trade pricing period is now cooperating, and it has been further expanded to 15 members. Among them, natural rubber manufacturers, including Yunnan Naturual Rubber Industry Group Co.,Ltd. , Guangken Rubber, Southland Rubber, SRI TRANG, Halcyon Agri, Taihua Gum; Domestic tire manufacturers, including Doublestar, AEOLUS, Sailun Shares, SENTURY, JINYU Tires; Risk management companies, including Yongan Capital, Zhejiang Period Industry, Guotai Junan Risk Management, Ande Capital. According to reports, in August this year, Guangken Rubber's Thai factory used Shanghai No. 20 rubber futures for the first time as a pricing benchmark for cross-border trade contracts. This fills the gap that there is no "Chinese price" in the long-term price benchmark of No. 20 rubber international trade, marking the further enhancement of the international influence of "Shanghai rubber". At this event, Thailand's Lianrun Rubber and Shuangxing Group, Guangken Rubber and Zhejiang Bersang Dunxing signed a long-term cross-border trade contract on the spot, using Shanghai No. 20 rubber futures as the pricing benchmark. As of now, the spot volume using this pricing benchmark is more than 100,000 tons. Wang Fenghai, general manager of Shanghai Futures Exchange, Li Hui, deputy general manager, Zheng Wenrong, executive vice president of China Natural Rubber Association, Shi Yifeng, secretary general of Tire Branch of China Rubber Industry Association, Li Shiwei, deputy director of Qingdao Securities Regulatory Bureau, as well as representatives of contracting enterprises, industrial chain enterprises and futures companies attended the event.