To: All Members

Filing Serial: SQBF [2013] No. 129

According to the Approval of Launch of Bitumen Futures Trading and the Listing of Bitumen Futures Contracts on the Shanghai Futures Exchange (ZJH [2013] No. 170) released by CSRC, Shanghai Futures Exchange is to list the bitumen futures contracts. In order for the bitumen futures market to run smoothly, the Exchange hereby notifies all members of relevant matters concerning the listing of bitumen futures as below:

Ⅰ. Date of Listing

The trading in bitumen futures contract starts on October 9, 2013.

Ⅱ. The Listed Contract Months

In accordance with the contract series as specified in the SHFE bitumen futures contract terms,the listed contract months range chronologically from February 2014 to September 2015, namely the 8 contract months as BU1402, BU1403, BU1406, BU1409, BU1412, BU1503, BU1506 , BU1509.

Ⅲ. Trading Time

9:00 am - 11:30am, 1:30 pm - 3:00 pm, Monday to Friday .

The Continuous Trading time will be announced in due course.

Ⅳ. The Listed Reference Price

The listed reference price for new contracts will be announced by the Exchange on the business day prior to such contracts are listed.

Ⅴ.Trade Margin and Price Limit

Trade margin for bitumen futures contract is initially set at 6% of the contract value;and the price limit is at 4%. On the day of listing, the price limit is set at 2 times the price limit, i.e. no greater than ±8% of the listed reference price.

Ⅵ Disclosure of Open Interests

If open interest of a bitumen futures contract reaches 10,000 lots (longs and shorts on a gross basis), the Exchange will disclose the total trading volumes and total long/short open interests from Futures-firm Members participating in the contract of this month, total trading volumes and total long/short open interests from Non Futures-firm Members participating in the contract of this month, and the ranking of top 20 Futures-firm Members in terms of total trading volumes and long/short open interests.

Ⅶ.Exchange Transaction Fee

Exchange transaction fee for bitumen futures contract is initially set at 0.3 ten-thousandth of the contract value.

The Exchange waives the transaction fee for the day trading in the bitumen futures.

All members are advised to fully prepare themselves for the launch of bitumen futures, pay attention to risk prevention, and ensure the smooth operation of the market.