TSR 20 Futures Contract of the Shanghai International Energy Exchange

Updated on 2026-02-09

 

Product

TSR 20

Contract Size

10 metric tons/lot

Price Quotation

(RMB) Yuan/metric ton(no tax or duty included in the quotation)

Minimum Price Fluctuation

5 Yuan/metric ton

Daily Price Limits

±5% from the settlement price of the previous trading day

Delivery Months

January, February, March, April, May, June, July, August, September, October, November, and December

Trading Hours

9:00-11:30 a.m., 1:30-3:00 p.m. (the Beijing Time), and other trading hours as prescribed by the Exchange

Last Trading Day

The 15th day of the delivery month (postponed accordingly if it is a national holiday or weekend; the Shanghai International Energy Exchange is entitled to adjust the last trading day in accordance with the national holidays or weekends.)

Delivery Period

Five (5) consecutive trading days after the last trading day

Grades and Quality Specifications

Refer to Appendix for detailed quality standards

Delivery Venues

Delivery Storage Facilities designated by the Shanghai International Energy Exchange

Minimum Trading Margin

7% of contract value

Settlement Type

Physical delivery

Product Symbol

NR

Listing Exchange

Shanghai International Energy Exchange

 

 

 

 

 


Appendix for Standard TSR 20 Futures Contract of the Shanghai International Energy Exchange

I. Delivery Unit

The delivery unit of standard TSR 20 futures contract is 100 metric tons.

The delivery quantity shall be integral multiple(s) of the delivery unit.

II.Quality Standards

(I) Standard Product

1. The quality of physically delivered TSR 20 shall meet the standards set

out by the Exchange.

Quality Standards for TSR 20 of the Shanghai International Energy Exchange

Properties

Limit

Test Method

Dirt retained on the 45 μm sieve maximum % (mass fraction)

0.16

GB/T 8086

Ash maximum % (mass fraction)

1.0

GB/T 4498.1

 

Nitrogen content maximum % (mass fraction)

0.6

GB/T 8088

Volatile-matter content maximum % (mass fraction)

0.8

GB/T 24131.1

 

Initial plasticity (P0) minimum

30

GB/T 3510

 

Plasticity retention index (PRI) minimum

40

GB/T 3517

 

2. TSR 20 underlying each standard warrant shall be registered with the Exchange, accompanied by the corresponding certificate of quality.

3. TSR 20 underlying each standard warrant shall comprise rubber of the same brand, manufacturer (factory), and packaging specification.

(II) Substitute Product

1. Substitute TSR 20 may be used for the physical delivery of TSR 20. Their quality shall meet the standards set out by the Exchange for substitute TSR 20.

Quality Standards for Substitute TSR 20 of the Shanghai International Energy Exchange

Properties

Limit

Test Method

Dirt retained on the 45 μm sieve maximum % (mass fraction)

0.08

GB/T 8086

Ash maximum % (mass fraction)

0.75

GB/T 4498.1

Nitrogen content maximum % (mass fraction)

0.6

GB/T 8088

Volatile-matter content maximum % (mass fraction)

0.8

GB/T 24131.1

Initial plasticity (P0) minimum

30

GB/T 3510

Plasticity retention index (PRI) minimum

50

GB/T 3517

 

 

2. The substitute TSR 20 underlying each standard warrant shall be registered with the Exchange, accompanied by the corresponding certificate of quality.

3. The substitute TSR 20 underlying each standard warrant shall comprise rubber of the same brand, manufacturer (factory), and packaging specification.

III. Registered Commodity

Registered commodity and their manufacturers (factories), and the rate of premium and discount thereof for various brands will be separately announced by the Exchange.

IV. Designated Delivery Storage Facilities

Designated delivery storage facilities and the rate of premium and discount thereof will be separately announced by the Exchange.

 

 

TSR 20 Futures Contract of the Shanghai International Energy Exchange

Updated on 2026-02-09

 

Product

TSR 20

Contract Size

10 metric tons/lot

Price Quotation

(RMB) Yuan/metric ton(no tax or duty included in the quotation)

Minimum Price Fluctuation

5 Yuan/metric ton

Daily Price Limits

±5% from the settlement price of the previous trading day

Delivery Months

January, February, March, April, May, June, July, August, September, October, November, and December

Trading Hours

9:00-11:30 a.m., 1:30-3:00 p.m. (the Beijing Time), and other trading hours as prescribed by the Exchange

Last Trading Day

The 15th day of the delivery month (postponed accordingly if it is a national holiday or weekend; the Shanghai International Energy Exchange is entitled to adjust the last trading day in accordance with the national holidays or weekends.)

Delivery Period

Five (5) consecutive trading days after the last trading day

Grades and Quality Specifications

Refer to Appendix for detailed quality standards

Delivery Venues

Delivery Storage Facilities designated by the Shanghai International Energy Exchange

Minimum Trading Margin

7% of contract value

Settlement Type

Physical delivery

Product Symbol

NR

Listing Exchange

Shanghai International Energy Exchange

 

 

 

 

 


Appendix for Standard TSR 20 Futures Contract of the Shanghai International Energy Exchange

I. Delivery Unit

The delivery unit of standard TSR 20 futures contract is 100 metric tons.

The delivery quantity shall be integral multiple(s) of the delivery unit.

II.Quality Standards

(I) Standard Product

1. The quality of physically delivered TSR 20 shall meet the standards set

out by the Exchange.

Quality Standards for TSR 20 of the Shanghai International Energy Exchange

Properties

Limit

Test Method

Dirt retained on the 45 μm sieve maximum % (mass fraction)

0.16

GB/T 8086

Ash maximum % (mass fraction)

1.0

GB/T 4498.1

 

Nitrogen content maximum % (mass fraction)

0.6

GB/T 8088

Volatile-matter content maximum % (mass fraction)

0.8

GB/T 24131.1

 

Initial plasticity (P0) minimum

30

GB/T 3510

 

Plasticity retention index (PRI) minimum

40

GB/T 3517

 

2. TSR 20 underlying each standard warrant shall be registered with the Exchange, accompanied by the corresponding certificate of quality.

3. TSR 20 underlying each standard warrant shall comprise rubber of the same brand, manufacturer (factory), and packaging specification.

(II) Substitute Product

1. Substitute TSR 20 may be used for the physical delivery of TSR 20. Their quality shall meet the standards set out by the Exchange for substitute TSR 20.

Quality Standards for Substitute TSR 20 of the Shanghai International Energy Exchange

Properties

Limit

Test Method

Dirt retained on the 45 μm sieve maximum % (mass fraction)

0.08

GB/T 8086

Ash maximum % (mass fraction)

0.75

GB/T 4498.1

Nitrogen content maximum % (mass fraction)

0.6

GB/T 8088

Volatile-matter content maximum % (mass fraction)

0.8

GB/T 24131.1

Initial plasticity (P0) minimum

30

GB/T 3510

Plasticity retention index (PRI) minimum

50

GB/T 3517

 

 

2. The substitute TSR 20 underlying each standard warrant shall be registered with the Exchange, accompanied by the corresponding certificate of quality.

3. The substitute TSR 20 underlying each standard warrant shall comprise rubber of the same brand, manufacturer (factory), and packaging specification.

III. Registered Commodity

Registered commodity and their manufacturers (factories), and the rate of premium and discount thereof for various brands will be separately announced by the Exchange.

IV. Designated Delivery Storage Facilities

Designated delivery storage facilities and the rate of premium and discount thereof will be separately announced by the Exchange.

 

 

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