Announcement on the Release of the SHFE Hot-Rolled Coil and Stainless Steel Futures Contract Specifications and Rules

中文版

Circular & News
Circular View More

Announcement on the Release of the SHFE Nickel Futures Contract Specifications
2025-10-31

Announcement on the Release of the SHFE Hot-Rolled Coil and Stainless Steel Futures Contract Specifications and Rules
2025-10-31
News View More

CGTN: China Vitality: Shanghai powers China's global trade ascent
2025-09-19
SHFE in Spotlight View More

Shanghai Futures Exchange Held the 40th Meeting of its Second Board
2017-10-30
Market
Offset Paper

Fuel Oil

OTC platform
Futures

Metal

Copper

Copper(BC)

Aluminum

Zinc

Lead

Nickel

Tin

Aluminium Oxide

Cast Aluminum Alloy

Gold

Silver

Steel Rebar

Steel Wire Rod

Hot Rolled Coils

Stainless Steel

Energy

Crude Oil

LSFO

Fuel Oil

Bitumen

Chemical

Synthetic Rubber

Natural Rubber

TSR 20

Woodpulp

Offset Paper

Index

SCFIS(Europe)
Options

Crude Oil

Copper

Aluminum

Zinc

Lead

Nickel

Tin

Aluminium Oxide

Cast Aluminum Alloy

Steel Rebar

Gold

Silver

Fuel Oil

Bitumen

Synthetic Rubber

Natural Rubber

Woodpulp

Offset Paper

ISIN
OTC platform
Services

Our Market Data Vendors

We collaborate with industry leading vendors, service providers and media portals to distribute real-time and delayed data at a global scale. Companies interested in becoming our market data vendor, please feel free to apply.
Become a Vendor

Our Members

Rules and Regulations

Rules

Supervision

Trading

Settlement

Delivery

Technology

Guidance SHFE Rules INE Rules

Large Position Report Administration of Accounts Involving Actual Control Relationship Cases

Trading Business Floor Trader Management Account Opening Seat Management Program Trading Filing Hedging Operation TAS Market Maker Download

Settlement Service Settlement Bank Download

Warehouse Warrant Warehouse warrant account management Bonded Delivery Brand Registration Certified Delivery Warehouse Commodities for Delivery Delivery Warehouse & Assayer Standard Warrant Management System Download

Technology Service Technical Specification & Resource

Become a Market Data Vendor Vendor list SHFE Market Data Products and Pricing Datafeed Usage Guideline

Market Data

Members and Overseas Special Participants

PFMI

Become a Market Data Vendor Vendor list SHFE Market Data Products and Pricing Datafeed Usage Guideline

Member & Overseas Special Participant List Overseas Intermediary List Become A Member/An OSP Honor

PFMI
Data
{{ currentDate.substring(0,4) + '-' + currentDate.substring(4,6) + '-' + currentDate.substring(6,8) }}
Calendar & Holidays

Trading Calendar

Trading Hours

Holiday

Business Data

Contract Parameters

Trading Parameters

Settlement Parameters

Adjustment to Monthly Settlement Parameters

Delivery Parameters

Fees

Market Data

Delayed Quotes
Statistical Data

Daily Express

Daily Ranking

IPA

Marker Price

Daily Warrant

Premiums and Discounts at Delivery Locations of Factory Warehouses

Daily Settlement PRA.

Trading Overview

Option Trading Overview

Weekly Market Data

Weekly Inventory

Monthly Statistics

Monthly Ref. Prices

Monthly Market Data

SHFE Mean of Settlement Price

Delivery Inquiry

Annual Statistics

Historical Data
Market Insights
Events & Webinars

2025 SHFE Monthly Market Update: SHFE Rules Internationalization
Frontier

Index Quotes

Education

SHFE Investor Education

Events & Webinars
About SHFE

About SHFE

Established in 1999, the Shanghai Futures Exchange (“SHFE” or the “Exchange”) is a futures exchange regulated by the China Securities Regulatory Commission (“CSRC”). SHFE operates venues and facilities for the trading of futures and other derivatives; organizes and supervises trading activities; maintains a fair, orderly, and transparent market; and exercises market self-regulation in accordance with the Futures and Derivatives Law of the People’s Republic of China, the Regulations on Administration of Futures Trading, and the Measures for the Administration of Futures Exchanges, etc.

Introduction Overview Organization Strategy

Institution SHFE POST-DOCTORAL PROGRAM Subsidiaries

Recruitment

Personal Information Protection Policy

Corporate Social Responsibility

Contact Us

Updated on 2025-10-31

Announcement on the Release of the SHFE Hot-Rolled Coil and Stainless Steel Futures Contract Specifications and Rules

The SHFE Stainless Steel Futures Contract Specifications, the SHFE Hot-Rolled Coil Futures Contract Specifications, the Stainless Steel Futures Rules of the Shanghai Futures Exchange,and the Hot-Rolled Coil Futures Rules of the Shanghai Futures Exchange have been adopted by the Board of Directors of Shanghai Futures Exchange (SHFE) and reported to the China Securities Regulatory Commission. These revised rules and contract specifications are hereby released, and shall take effect on November 20, 2025.

The stainless steel that conforms to the specifications of JIS G 4305: 2021 can be used for physical delivery starting from November 20, 2025. The stainless steel that conforms to the specifications of JIS G 4305: 2012 cannot be used for physical delivery starting from May 20, 2026, and the existing standard warrants can still be used for physical delivery.

The hot-rolled coil that conforms to the specifications of JIS G 3101-2024 can be used for physical delivery starting from November 20, 2025. The hot-rolled coil that conforms to the specifications of JIS G 3101-2015 cannot be used for physical delivery starting from May 20, 2026, and the existing standard warrants can still be used for physical delivery.

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.

Appendixes:

1. Revision Explanation

2. Comparative Table

3. The SHFE Stainless Steel Futures Contract Specifications

4. The SHFE Hot-Rolled Coil Futures Contract Specifications

5. The Stainless Steel Futures Rules of the Shanghai Futures Exchange

6. The Hot-Rolled Coil Futures Rules of the Shanghai Futures Exchange

Shanghai Futures Exchange

October 31, 2025