The Deputy Secretary-General of the China Petroleum and Chemical Industry Federation (hereinafter referred to as the Petrochemical Federation) said that natural rubber futures is one of the oldest products of the Shanghai Futures Exchange. After more than 20 years of development, the market size has significantly surpassed Singapore and Japan for a long time. Rubber futures, in a leading position in the world, have played an irreplaceable role in serving the upgrading of the natural rubber industry and boosting the development of the national economy.

He pointed out that at present, China's natural rubber series derivatives have formed a complete product sequence, covering natural rubber futures, No. 20 rubber futures, natural rubber options, natural rubber standard warrants and extended warrants business, and natural rubber "insurance + futures" Targeted poverty alleviation projects, covering both domestic and overseas markets, effectively enhance the influence of China's futures market in the international natural rubber industry, actively serve the national "One Belt One Road" initiative, and "escort" domestic natural rubber companies that "go global".

At the same time, natural rubber, as a strategic resource, is an important raw material for the rubber tire industry, and its market price fluctuations have a significant impact on synthetic rubber production, import and export trade, tire production, and overseas investment. The Deputy Secretary-General emphasized that in rubber futures, the Petrochemical Federation actively maintains close contact with the Shanghai Futures Exchange, communicates and serves upstream and downstream production, circulation, and consumer companies, and actively contributes to the construction of the rubber futures market system.