Rubber No. 20 options and international copper options are coming. They will be listed and open to the public on April 22.

The Shanghai Futures Exchange’s wholly-owned subsidiary, the Shanghai International Energy Exchange, announced that it will officially list the No. 20 rubber options and international copper options on April 22 (including the continuous trading session on the night of April 21). These two options will be open to Qualified Foreign Institutional Investors (QFI) upon their listing as specific varieties within the domestic market.

No. 20 rubber is a core raw material for the tire industry, while copper is a key foundational material in fields such as new energy and high-end manufacturing. Both are important bulk commodities that support the development of the real economy. China is the world’s largest consumer of No. 20 rubber and copper, and enterprises within the relevant industrial chains are deeply integrated into the global market, leading to an increasing demand for refined and diversified risk management tools.

Since 2018, the Shanghai International Energy Exchange has listed six futures and options varieties, including No. 20 rubber futures, international copper futures, and crude oil options. The market has operated smoothly, and all aspects such as trading, settlement, exercise, and openness to foreign investors have been tested by the market. According to statistics, the daily average trading volume of crude oil options increased by 23.61% year-on-year in 2025, while the daily average open interest increased by 32.71% year-on-year.

The market generally believes that the listing of No. 20 rubber options and international copper options, along with their opening to foreign investors, will not only enrich the risk management tools available to domestic and foreign industrial chain enterprises, helping them hedge against price fluctuation risks and improving their risk management capabilities, but will also complement the corresponding futures varieties, enhance the price discovery system, further play the role of resource allocation in the futures market, and increase China’s price influence in the global market for related bulk commodities, supporting the development of Shanghai as an international financial center.