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Announcement on the Release of Amended Wire Rod Contract Specifications and Delivery Rules of the Shanghai Futures Exchange

       In order to improve the function of the futures market, better serve the economy and enhance the management over futures delivery, Shanghai Futures Exchange (hereinafter referred to as “SHFE”) has amended the "Shanghai Futures Exchange Wire Rod Futures Contract" and " Delivery Rules of Shanghai Futures Exchange", which specifically cover the quality standards of wire rod delivery products. The above-mentioned amendments have been approved by the SHFE Board of Directors and reported to the China Securities Regulatory Commission (CSRC). They are hereby promulgated and shall become effective from August 31, 2018.

      To ensure the steady transition of contracts, it is stipulated that from August 31, 2018 onward, standard warehouse warrants are allowed to be made for the delivery of wire rods produced according to GB/T 1499.1-2017; at the same time, wire rods produced in accordance with GB 1499.1-2008 shall not be put into storage and made into a standard warehouse warrant. The warrants already made before that date shall remain valid for futures delivery.
      You may visit the official website of SHFE for the Chinese version of the Rules as amended. If there is any discrepancy between the English version and the Chinese version, the Chinese version shall prevail.
  Attachment:     Wire Rod Contract Specifications, as amended
Delivery Rules of the Shanghai Futures Exchange, as amended
Shanghai Futures Exchange
 

August 302018