NOTIFICATION ON PREMIUM AND DISCOUNT AND STORAGE FEE FOR HOT-ROLLED COIL FUTURES

Updated on Mar 17,2014

NOTIFICATION ON PREMIUM AND DISCOUNT AND STORAGE FEE FOR HOT-ROLLED COIL FUTURES

From: The Shanghai Futures Exchange

To: All Members and Certified Delivery Warehouses for Hot-rolled Coil Futures

Subject: Notification on Premium and Discount and Storage Fee for Hot-rolled Coil Futures

Filing Serial: SQBF [2014] No. 27

March 17, 2014

With respect to Hot-rolled Coil Contract Specifications of the Shanghai Futures Exchange and Detailed Delivery Rules of the Shanghai Futures Exchange, the premium and discount as well as the storage fee for hot-rolled coil futures are regulated as follows:

I. Premium and Discount

The discount for hot-rolled coil delivery in Tianjin is 90 yuan/ton;

The discount for hot-rolled coil delivery in Xuzhou is 50 yuan/ton;

II. Storage Fee

Item		Fee Standard
Storage rent	Goods yard	RMB 0.15 yuan/ton*day
Load-in Fee	1. Dedicated Line	RMB 18 yuan/ton
	2. Dock	RMB 15 yuan/ton
	3. Self-delivery	RMB 15 yuan/ton
Load-out Fee	1. Dedicated Line	RMB 18 yuan/ton
	2. Dock	RMB 15 yuan/ton
	3. Self-pickup	RMB 15 yuan/ton

The rate of premium and discount and the storage fee will be adjusted by the Exchange at the Exchange’s discretion.

The rules above come into effect upon the issuance.