INE announces first 53 deliverable brands of bonded copper futures
2020-11-10 17:00:03 [Print]
Shanghai International Energy Exchange (INE) on November 9 released a notice on matters concerning the physical delivery of bonded copper futures in accordance with its delivery rules.
The notice highlighted that 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.
In the same day, INE announced five certified delivery warehouses for bonded copper futures, including Shanghai CMST Lingang Logistics Co., Ltd. and Shanghai SIPG Bonded Warehousing Management Co., Ltd. As of the day of the announcement, each designated warehouse shall conduct business for bonded copper futures based on its approved storage capacity. Each warehouse mentioned above shall start creating standard warrants for bonded copper futures from January 20, 2021.
INE also approved 53 copper brands which have been registered with the SHFE as the first deliverable brands of bonded copper futures. All these brands will be delivered at flat price. INE also approved Shanghai Customs Industrial Products and Raw Material Testing Technology Center, Shanghai CMST Material Inspection Co., Ltd., and Inspectorate (Shanghai) Ltd. as designated inspection agencies for bonded copper futures.
The notice highlighted that 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.
In the same day, INE announced five certified delivery warehouses for bonded copper futures, including Shanghai CMST Lingang Logistics Co., Ltd. and Shanghai SIPG Bonded Warehousing Management Co., Ltd. As of the day of the announcement, each designated warehouse shall conduct business for bonded copper futures based on its approved storage capacity. Each warehouse mentioned above shall start creating standard warrants for bonded copper futures from January 20, 2021.
INE also approved 53 copper brands which have been registered with the SHFE as the first deliverable brands of bonded copper futures. All these brands will be delivered at flat price. INE also approved Shanghai Customs Industrial Products and Raw Material Testing Technology Center, Shanghai CMST Material Inspection Co., Ltd., and Inspectorate (Shanghai) Ltd. as designated inspection agencies for bonded copper futures.
Copper Conc. 20%min Delivered China
Unit:RMB/mt Cu
China copper concentrate producers' output statistics by province by month
Unit: mt
