TOCOM want to build rubber warehouse in China

In order to increase the volume, the Tokyo Commodity Exchange (TOCOM) will be possible in the establishment of China Rubber (21560,300,1.41%) warehouse delivery.

The Stock Exchange as a director Hayakawa in an interview last Friday that this month by the China Rubber Industry Association held in Hainan's meeting, the TOCOM investors to put forward in the establishment of Shanghai or Qingdao rubber warehouse.

Japan's revision of related laws, futures brokers and retail investors access to be limited. Foreign Exchange coupled with the fierce competition in Japan last year, the overall commodity futures trading volume fell 18%. At present, TOCOM is the introduction of international standards to expand the volume of rubber contracts. At the same time, Japan is also worried that China will eventually be open to foreign investors own futures market. At present, the Shanghai Futures Exchange's natural rubber futures trading volume in the first in the world.

TOCOM currently have 80 rubber warehouse, located in Tokyo, most of the region. As of March 10 of these warehouses were storing 13,639 tons of rubber. TOCOM has not located outside the warehouse. If approved, TOCOM earliest to wait until early next year in order to build rubber warehouse in China. Hayakawa as a "warehouse built this year, it is not possible."

The expansion of overseas markets as part of the plan, TOCOM is active in the rubber and gold so high circulation of goods in the market for China, South Korea, as well as customers in Southeast Asia.