The Tokyo Commodity Exchange, Inc. (TOCOM) has announced that their new Technically Specified Rubber (TSR) futures contracts will list on October 9, 2018 after receiving regulatory approval from the Minister of Agriculture, Forestry and Fisheries and the Minister of Economy, Trade and Industry today.
TSR is a class of natural rubber and, along with Ribbed Smoked Sheet (RSS), are key components in automobile tire production. In recent years, TSR has exceeded RSS in both production and consumption. Adding TSR futures to trade alongside RSS is TOCOM’s response to changing market demand. The Exchange continually looks to improve its Rubber market and expand its presence in the rubber community around the world.
TOCOM will hold a celebration for the listing with Mr. Choltisak Chawpaknum, Minister-Counsellor (Agriculture) of the Royal Thai Embassy at the exchange headquarters in Tokyo as well as the officers of numerous rubber industry associations.
TSR Futures (Rubber (TSR20) ) Contract Specifications
| Standard | STR20 (Standard Thai Rubber 20), which is TSR20 manufactured at TOCOM approved factories in a TOCOM designated country of production, Thailand, in conformity to its standards |
| Contract Months | Consecutive – six months |
| Contract Unit | 5,000kg / contract |
| Delivery Unit | 20,000 kg / contract （Equivalent of 4 contract units） |
| Price Increment | JPY 0.1 per kg |
| Trading Hours | Day Session: 8:45 a.m. – 3:15 p.m. (JST) Night Session: 4:30 p.m. – 7:00 p.m. (JST) |
| Last Trading Day of the Current Contract Month | The last business day of the month prior to the current contract month |
| Delivery Day
and Time |
The shipment shall be executed between the tenth business day of the current contract month and the fifteenth day of the following month, and delivery shall be conducted until the ninth business day of the shipment. |
| Delivery Points | Buyer-designated vessel in the ports of Bangkok, Laem Chabang (Thailand) or Penang (Malaysia) |
| Delivery Method | FOB (Free on Board) on a buyer-designated vessel |