Most popular chenchenghui's report on the operatio

Chenchenghui: about the operation of the international spot market of rubber

speech by chenchenghui of the Singapore commodity exchange

the sixth Shanghai derivatives market forum was held in Shanghai on June, 2009. The theme of this theme forum is "new challenges of commodity futures serving the real economy: Thinking after the financial storm". Sina finance, as the exclusive strategic cooperation media of this forum, broadcast the whole process with pictures and texts. The following is chenchenghui, senior director of the business development and Settlement Department of the Singapore Mercantile Exchange

chenchenghui: Thank you! Good afternoon, everyone! My outline is divided into three parts. First, I will introduce the development history of natural rubber industry and the varieties of natural rubber. Finally, I will briefly introduce the Singapore commodity exchange. Rubber was harvested naturally in the 19th century and 1870, so its output and quality will not be very stable. The development of rubber industry can be traced back to the late 19th century. Britain tried to introduce new agriculture to their Asian colonies, namely India and Malaysia, In 1876, the Englishman collected about 70000 rubber seeds in the Amazon River of Brazil and transported them to the British botanical garden for planting. Later, he transplanted the seedlings to Sri Lanka, and then transplanted them from Sri Lanka to the Singapore botanical garden. This is a picture of our botanical garden. Henry played a great role in the development of the rubber industry, because he developed the technology of harvesting rubber in the Singapore botanical garden, And how to plant rubber. 95% of the enterprises have an annual revenue of less than 100 million yuan. Although he began to explore rubber in 1889, he can automatically reset the whole process by pressing the reset button on the main interface. Rubber was not used as a business, because at that time, many coffee trees were planted in Singapore and Malaysia. The price of coffee trees was very good, and no one was willing to replace coffee trees with rubber. In the 18th century, there was a coffee tree virus in Sri Lanka. Coupled with the rise of the automotive industry, rubber has become a commercially valuable crop. This is the only rubber tree left in the era of our Singapore botanical garden

the automobile industry was initiated in Germany in 1880 and soon spread to the United States and Europe. The rubber processing industry is closely related to automobiles, because everyone knows that tires are the largest single rubber user. At the stagecoach, because Germany could not obtain the supply of natural rubber, they launched the first batch of synthetic rubber factories. Synthetic rubber began to expand during World War II, At that time, Japan invaded Southeast Asia, resulting in a shortage of natural rubber supply, which prompted the rapid production of natural rubber in North America and further increased brand awareness. During the Second World War, due to the independent struggle in Southeast Asia, social and political instability hindered the resumption of production of natural rubber, and synthetic tape came as a driving force. By the 1960s, strong rubber demand gave a continuous large amount of synthetic rubber production more than natural rubber, and the price of natural rubber fell a lot. Until 1970, the 1980s was the oil crisis, which led to the rise of the cost of synthetic rubber raw materials, Natural rubber has begun to receive attention again, and significant technological progress has been made in the tire industry. The production of radial tires has also begun to use natural rubber, SBR and natural rubber. Natural rubber will begin to be applied to radial tires. The growth of glove consumption is driving the demand for natural rubber

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