China Securities News (Reporter Fei Tianyuan): On June 1, the Shanghai International Energy Exchange (hereinafter referred to as "Shanghai Energy Exchange"), a subsidiary of the Shanghai Futures Exchange, issued an announcement approving the registration of Société de Transformation du caoutchouc Naturel de la Frontière ("STCNF") and Mainland Group Rare Rubber S.A. ("Mainland") as alternative delivery brands for No. 20 rubber futures. This marks the first time that Shanghai Energy Exchange has included African rubber as an alternative delivery commodity for No. 20 rubber futures. Shanghai International Energy Exchange simultaneously optimized the delivery premium and discount standards for No. 20 rubber futures, uniformly applying a delivery discount of ¥400 per metric ton to both Indonesian rubber and the newly registered African rubber products.

Industry insiders generally believe that Shanghai International Energy Exchange's introduction of African rubber as an alternative delivery product for No. 20 rubber futures, coupled with the delivery discount set for Indonesian standard rubber, is an inevitable move to adapt to changes in the global natural rubber supply structure and align with shifting supply dynamics and domestic demand.

Pan Xunhua, the General Manager of Mainland Group, believes that the Shanghai International Energy Exchange's delivery standards will drive African rubber processing enterprises toward greater standardization, thereby enhancing the quality consistency and market recognition of African rubber. At the same time, stable delivery channels will bring long-term, predictable market demand to the African rubber industry, reduce trade barriers and distribution costs, and help African rubber-producing countries integrate more deeply into the global supply chain.