In accordance with applicable provisions of the Delivery Rules of the Shanghai International Energy Exchange and relevant business rules, we have approved the Shanghai CMST Lingang Logistics Co., Ltd., Shanghai SIPG Bonded Warehousing Management Co., Ltd., Shanghai Yangshan Free Trade Port C. Steinweg Logistics Co., Ltd.,C. Steinweg Logistics (Shanghai Waigaoqiao Bonded Logistics Zone) Co., Ltd., and COSCO SHIPPING Logistic Co., Ltd. as Designated Delivery Warehouses for bonded copper futures.
1. We will adjust the delivery capacity as appropriate to market conditions and steadily expand the coverage of delivery warehouses, temporarily without setting premiums or discounts;
2. Each warehouse mentioned above shall start creating standard warrants for bonded copper futures from January, 20, 2021;
3. As of the day of this announcement, each Designated Warehouse shall conduct business for bonded copper futures based on its approved storage capacity, strictly implement relevant regulations, and strengthen management, so as to ensure the normal and orderly operation of its business.
Shanghai International Energy Exchange
November, 9, 2020