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Updated on 2025-06-13

Circular on Releasing the Revised Rules on Gold Futures, Natural Rubber Futures and Bleached Softwood Kraft Pulp Futures of the Shanghai Futures Exchange

The revised Gold Futures Rules, Natural Rubber Futures Rules and Bleached Softwood Kraft Pulp Futures Rules of the Shanghai Futures Exchange have been reviewed and adopted by the Board of Directors of Shanghai Futures Exchange (SHFE), and reported to the China Securities Regulatory Commission. These rules are hereby released and shall take effect on July 16, 2025.


Starting from Contract 2508, the final settlement price of Gold, Natural Rubber and Bleached Softwood Kraft Pulp Contract will be calculated as "the arithmetic average price of the settlement prices of that contract over the last five (5) trading days on which it was traded".


Please visit the official website of SHFE for the Chinese version. If there is any discrepancy between the English version and the Chinese version, the Chinese version shall prevail.


Appendices:

1. Comparative Table

2. Gold Futures Rules of the Shanghai Futures Exchange (revised)

3. Natural Rubber Futures Rules of the Shanghai Futures Exchange (revised)

4. Bleached Softwood Kraft Pulp Futures of the Shanghai Futures Exchange (revised)


Shanghai Futures Exchange

 June 13, 2025

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