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Shanghai Futures Exchange: Announcement on Approving COSCO SHIPPING Logistics Supply Chain Co., Ltd. and Its Subsidiaries to Conduct Group Delivery Business
The previous exchange announcement from the Shanghai Futures Exchange states that, according to the “Shanghai Futures Exchange Group Delivery Business Management Measures” and other relevant regulations, after research and decision: It is agreed that COSCO Shipping Logistics Supply Chain Co., Ltd. is authorized to become the delivery center for copper, zinc, nickel, natural rubber, and pulp futures groups. It is also agreed that Tianjin COSCO Shipping Logistics Supply Chain Co., Ltd. is authorized to become the zinc futures group delivery warehouse, with the storage address at No. 10 Tanghan Road, Tanggu Marine Science and Technology Park, Binhai High-tech Zone, Tanggu District, Tianjin, with an approved capacity of 20k tons of zinc, and no regional premium or discount. It is further agreed that Qingdao COSCO Shipping Logistics Supply Chain Co., Ltd. is authorized to become the delivery warehouse for natural rubber and pulp futures groups; the storage address is No. 789 Baoyuan Road, High-tech Zone, Qingdao, Shandong Province, with an approved capacity of 55k tons of natural rubber, and no regional premium or discount; the storage address is No. 556 Tongjiang Road, Huangdao District, Qingdao, Shandong Province, with an approved capacity of 20k tons of natural rubber and 35k tons of pulp, and no regional premium or discount. It is also agreed that Sichuan COSCO Shipping Logistics Supply Chain Management Co., Ltd. is authorized to become the delivery warehouse for copper, zinc, and nickel futures groups; the storage address is No. 2249 Baoyang Road, Baoshan District, Shanghai, with an approved capacity of 20k tons of copper, 10k tons of zinc, and 10k tons of nickel, and no regional premium or discount; the storage address is No. 156 Jiechong Road, Lingang Self-operated Logistics Park, Pudong New Area, Shanghai, with an approved capacity of 30k tons of nickel, and no regional premium or discount.
From the date of this announcement, COSCO Shipping Logistics Supply Chain Co., Ltd., Tianjin COSCO Shipping Logistics Supply Chain Co., Ltd., Qingdao COSCO Shipping Logistics Supply Chain Co., Ltd., and Sichuan COSCO Shipping Logistics Supply Chain Management Co., Ltd. shall carry out group delivery business in accordance with relevant regulations.