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TOCOM to List Technically Specified Rubber (TSR) Futures on October 9

The Tokyo Commodity Exchange, Inc. (TOCOM) has scheduled the listing of Technically Specified Rubber (TSR) futures contracts for October 9, 2018, pending regulatory approval from the Minister of Agriculture, Forestry and Fisheries and the Minister of Economy, Trade and Industry.

TOCOM to List Technically Specified Rubber (TSR) Futures on October 9

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. RSS has traded at TOCOM for many decades.

Adding TOCOM TSR futures to trade alongside RSS is a response to changing market demand. The Exchange continually looks to improve its Rubber market and expand its presence around the world.

TSR Futures Contract Specifications (tentative)    

Type of Trade Physically Delivered Futures Transaction
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 Dayand 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

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