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Circular On The Release Of The Rules On The Management Of Non-Ferrous Metal Products For Futures Delivery Of The Shanghai Futures Exchange (Revised In June 2026)

Date 03/06/2026

To ensure the smooth operation of lead futures listed on the Shanghai Futures Exchange, strengthen the management of non-ferrous metals futures products for delivery, and safeguard the legitimate rights and interests of all parties involved in futures trading, the Shanghai Futures Exchange has revised the Rules on the Management of Non-ferrous Metal Products for Futures Delivery of the Shanghai Futures Exchange (Revised in May 2025) in accordance with the Trading Rules of Shanghai Futures Exchange and other applicable rules. Please refer to the appendix for the revised Rules.

The newly revised Rules will take effect as of the date of release. The Rules on Management of Non-ferrous Metal Products for Futures Delivery of the Shanghai Futures Exchange (Revised in May 2025) shall simultaneously expire.  

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.

Appendix: Rules on the Management of Non-Ferrous Metal Products for Futures Delivery of the Shanghai Futures Exchange (Revised in June 2026)