To all parties concerned,

To ensure the smooth listing and operation of bonded copper futures contract, this notice is issued on the following matters concerning the physical delivery of bonded copper futures in accordance with the Delivery Rules of the Shanghai International Energy Exchange:

I. Delivery-Related Fee Items and Rates

1. The delivery fee for bonded copper futures is 2 yuan/metric ton. This fee is tentatively waived from the listing day to January 8, 2021.

2. Charge standard (domestic warehouse)： Storage fee:0.5 yuan/metric ton per day for indoor storage and 0.4 yuan/metric ton per day for outdoor storage; a normal load-in fee of 18 yuan/metric ton or, for containers, 30 yuan/metric ton; and a normal load-out fee of 15 yuan/metric ton or, for containers, 25 yuan/metric ton.

3. Inspection fees will be collected by Designated Inspection Agencies from owners of copper cathode or their authorized representatives.

4. The ownership transfer fee is 1 yuan/metric ton. It refers to the fee collected from a buyer by a Designated Delivery Warehouse for reviewing the corresponding transfer of standard warrants which are not from physical delivery through the Shanghai International Energy Exchange (INE).

II. Information on Deliverable Brands and Their Producers

Copper cathode for delivery on the INE should be of a brand registered with INE or registered with Shanghai Futures Exchange (SHFE) and approved by INE for physical delivery. Detailed information on deliverable brands and their producers will be separately announced by INE.

III. Designated Delivery Warehouses and Warehouse Premiums and Discounts

Designated Delivery warehouses will be specified and separately announced by INE. The standards for premiums or discounts of the delivery warehouses will be prescribed and announced by INE.

IV. Designated Inspection Agencies

Designated Inspection Agencies will be specified and separately announced by INE.

Attachment: Notes on Copper Cathode Load-in Application of the Shanghai International Energy Exchange

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    Shanghai International Energy Exchange<br />

November, 9, 2020

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