TFEX : Japanese Rubber Futures

Japanese Rubber Futures are futures contracts based on the forward price of RSS3 (Ribbed Smoked Sheet Grade 3) rubber traded on the Japanese futures markets, such as the JPX/OSE or the former TOCOM exchange. These markets are among the most active for rubber futures trading. Producers and consumers of natural rubber often use these prices as a reference for making various business and transaction decisions.

Contract Specification

Underlying Asset Ribbed Smoked Sheet Grade 3 (RSS3) rubber traded on the Japanese Rubber Futures (JRF) market.
Contract Size 300 times the price of the underlying asset (Multiplier), with no exchange rate conversion applied in the calculation.
Index Multiplier 300 Baht per 1 Japanese Yen per kilogram
Contract Month The six nearest consecutive calendar months.
Bid and Offer Price Japanese Yen per kilogram of RSS3 rubber
Minimum Price Fluctuation 0.10 JPY per kilogram (equivalent to 30 Baht per contract)
Daily Price Limit Range The daily price limit is set at ±10% of the most recent settlement price. If trading reaches the ceiling or floor price, a temporary trading halt will be triggered and the limit will be expanded to ±20% of the most recent settlement price.
Trading Hours Pre-open :
09:15 am. - 09:45 am.
Open session :
09:45 am. - 16:55 am.
Daily Settlement Price Calculated based on the weighted average price of the last 5 minutes of trading for each Japanese Rubber Futures contract.
Last Trading Day The fourth business day (T-4) prior to the last business day of the contract month. On this final trading day, trading ends at 13:15 (Thailand time).
Final Settlement Price on the Last Trading Day The final settlement price is based on the JPX/OSE RSS3 Rubber Futures price on the last trading day, without applying any currency exchange conversion.

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