Skip to main content

INE: Notice on the Delivery of Bonded Copper Futures

 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


For China derivatives market access and more market information please contact sherry_ustc@163.com

Labels:

Comments

Post a Comment

Popular posts from this blog

ZCE: Circular on Expanding the Investment Scope of Qualified Foreign Investors in Commodity Futures and Options

  With the approval of the China Securities Regulatory Commission (CSRC), starting from   March 4 , 202 5  (i.e. from the continuous trading session on  March   3 , 202 5 ),  Zhengzhou Commodity  Exchange  ( ZCE ) will expand the investment scope of Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors (hereinafter collectively referred to as Qualified Foreign Investors, QFI s ) to include the following commodity futures and options: 1.P araxylene , b ottle-grade PET resin , m anganese silicon , r apeseed meal , peanut kernel f utures contracts; 2. P araxylene , b ottle-grade PET resin , m anganese silicon , r apeseed meal , peanut kernel, polyester stable fiber  options contracts . For China derivatives market access and more market information please contact  sherry_ustc@163.com
Post a Comment
Read more

Guangzhou Futures Exchange to Launch Polysilicon Futures, Options

 The Guangzhou Futures Exchange(GFEX), set up in 2021 with a focus on the green economy, will introduce polysilicon futures and options next week, allowing China’s solar industry to hedge against price volatility and strengthen its global competitiveness. Polysilicon futures contracts will be listed on Dec. 26 and options contracts the next day, the bourse announced on Dec. 13. These will be the third set of futures and options products launched by the GFEX, following industrial silicon and lithium carbonate, which began trading in December 2022 and July last year. Industrial silicon futures and options have been trading smoothly for nearly two years, and the launch of polysilicon products will provide more precisely tailored tools for the photovoltaic industry supply chain, helping to consolidate China’s competitive advantages in the global PV sector, an industry insider told media. The first batch of seven polysilicon futures and related options will have minimum trading volumes ...
Post a Comment
Read more

INE Apporved TSR 20 Brand Registration of Sri Trang, Hevea and KIRANA

Announcement on the Approval of Sri Trang Agro-Industry Public Co. Ltd. to Add TSR 20 Deliverable Commodity 　　 The Shanghai International Energy Exchange (INE) has recently received the application materials from Sri Trang Agro-Industry Public Co. Ltd. Accordingly, INE issues the following decisions: 　　 1. INE approves the registration of TSR 20 produced by BD10 factory of Sri Trang Agro-Industry Public Co. Ltd. as deliverable commodity of INE, and this brand will be subject to standard delivery prices; 　　 2. TSR 20 produced by BD10 factory of Sri Trang Agro-Industry Public Co. Ltd. from the date of this Announcement can be loaded in and standard warrants can be issued.  BD10 factory product information: 　　 Registrant: Sri Trang Agro-Industry Public Co. Ltd. 　　 Country: Thailand 　　 Brand: Sri Trang 　　 Factory code: BD10 　　 Delivery product: STR 20 　　 Executive Standard: in accordance with contract specifications 　　 Labeling: (as shown below) Announcement on the Ap...
Post a Comment
Read more