Notification on Adjusting the Regional Premium and Discount Rate for Delivery of Lead Futures in Guangdong Province

Updated on Sep 29,2014

Notification on Adjusting the Regional Premium and Discount Rate for Delivery of Lead Futures in Guangdong Province

FROM: The Shanghai Futures Exchange

TO: AllMembers and Certified Delivery Warehouses for Lead Futures

SUBJECT: Notification on Adjusting the Regional Premium and Discount Rate for Delivery of Lead Futures in Guangdong Province

FILING SERIAL: SQF [2014] No. 106

September 29, 2014

In order to further improve the system for delivery of lead futures to accommodate the moves of China’s downstream lead consumption sector, provide guidance for the match-up between logistics and consumer demand, facilitate the price discovery and hedging function of futures market and better serve the economic development, we make the following adjustments to regional premium and discount rate for delivery of lead futures in Guangdong province, given transportation fee differences between from the region of major southern lead smelters registered with the Exchange to the South China and to the East China region.

Beginning with the Pb1502 contract, lead futures delivered at the certified delivery warehouses in Guangdong province will be discounted at a rate of RMB 130/ton.

All members and certified delivery warehouses are required to notify relevant clients and to do well in risk prevention.