Shanghai International Energy Exchange has released its Circular on the Approval of Shanghai Yangshan Free Trade Port C. Steinweg Logistics Co., Ltd. to Relinquish Its Designation as Delivery Warehouse for Bonded Copper and TSR 20 Futures as follows:
Recently, Shanghai International Energy Exchange (hereinafter referred to as INE) has received the application of Shanghai Yangshan Free Trade Port C. Steinweg Logistics Co., Ltd. In accordance with the Delivery Rules of the Shanghai International Energy Exchange and other applicable rules, we hereby decide:
1. to approve Shanghai Yangshan Free Trade Port C. Steinweg Logistics Co., Ltd. to relinquish its designation as delivery warehouse for Bonded Copper and TSR 20 futures, the storage address of which is 288 Haiwang Road, Pudong New Area (Yangshan Special Comprehensive Bonded Zone), Shanghai, with an approved storage capacity of 40,000 tons for Bonded Copper futures and 30,000 tons for TSR 20 futures;
2. from the date of this Circular, Shanghai Yangshan Free Trade Port C. Steinweg Logistics Co., Ltd. shall no longer operate as INE Bonded Copper and TSR 20 Futures delivery warehouse.
All relevant parties shall attach great importance to the above matters and effectively carry out relevant works to ensure the normal and orderly operation of delivery business.
