# SHFE republication: INE TSR 20 rubber: automatic near-delivery hedging quota conversion to zero

The official Chinese text prevails.

## English summary

SHFE republished the following INE announcement. INE announced that, from the last trading day of October 2026, the automatically converted buy and sell near-delivery hedging position quotas for TSR 20 rubber are temporarily set to zero lots for participants who have not obtained a near-delivery hedging quota.

Timing stated in this notice: From the last trading day of October 2026; no calendar date is inferred here.

Scope: Non-futures-firm members, overseas special non-brokerage participants and clients without an approved near-delivery hedging quota. Near-delivery means the month before delivery and the delivery month.

Limitations: This is an SHFE republication of an INE notice. This concerns automatic conversion of a hedging quota, not a blanket prohibition on hedging or a current-rule consolidation.

Topics: [Hedging](https://chinaexchangecirculars.com/topics/hedging/)

## Evidence excerpts

> 自2026年10月最后一个交易日起

> 未取得临近交割月份套期保值交易持仓额度

> 买入及卖出套期保值交易持仓额度均暂调整为0手

## Source and dates

Original Chinese title: 上海国际能源交易中心发布关于调整20号胶品种套保持仓额度自动转化标准的通知

Official publication date: 2026-10-20

[Official Chinese source](https://www.shfe.com.cn/publicnotice/notice/202610/t20261020_833769.html)

[CEC HTML](https://chinaexchangecirculars.com/notices/shfe-45897dfea832b96ed11e/) · [Canonical notice](https://chinaexchangecirculars.com/notices/ine-f58d285a192430b147e9/)

SHFE reproduction: [Related INE original](https://chinaexchangecirculars.com/notices/ine-f58d285a192430b147e9/). The official Chinese sources prevail.

## Chinese original

```text
上海国际能源交易中心发布关于调整20号胶品种套保持仓额度自动转化标准的通知，内容为： 上能发〔2026〕112号 各有关单位： 经研究决定，根据《上海国际能源交易中心交易细则》第四十五条等相关规定，现将20号胶品种套保持仓额度自动转化标准调整事项通知如下： 20号胶品种自2026年10月最后一个交易日起，未取得临近交割月份套期保值交易持仓额度的非期货公司会员、境外特殊非经纪参与者或者客户，其一般月份套期保值交易持仓额度在进入临近交割月份（交割月前第一月和交割月份）时，自动转化的临近交割月份买入及卖出套期保值交易持仓额度均暂调整为0手。 特此通知。 上海国际能源交易中心 2026年10月20日
```

Independently compiled for information only, not investment advice. Official Chinese notices and your broker’s applicable terms prevail.