The Revised Delivery Rules of Shanghai Futures Exchange, the Revised Fuel Oil Futures Delivery Rules of the Shanghai Futures Exchange, the Revised Gold Futures Delivery Rules of the Shanghai Futures Exchange (Trial) and the Revised Bitumen Futures Delivery Rules of the Shanghai Futures Exchange (Trial) have been adopted by the Board of Directors of Shanghai Futures Exchange (SHFE), and reported to the China Securities Regulatory Commission. These rules shall take effect as of October 18, 2023.

Starting from the contract 2311 (butadiene rubber from the contract 2401), a natural person shall not hold any open positions after "the closing of the fifth trading day prior to the last trading day" of all futures products listed on SHFE. At the market close of October 24th, any natural person's positions in the contract 2311 for fuel oil futures should be zero; at the market close of November 8th, any natural person's positions of contracts 2311 for copper, aluminum, zinc, lead, nickel, tin, aluminum oxide, gold, silver, steel rebar, wire rod, hot rolled coils, stainless steel, bitumen, natural rubber, and woodpulp futures should be zero.

All members are requested to issue reminders before the implementation of the revised rules.

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.

Appendices:
1. Comparative table
2.Delivery Rules of the Shanghai Futures Exchange (revised version)
3. Fuel Oil Futures Delivery Rules of the Shanghai Futures Exchange (revised version)
4. Gold Futures Delivery Rules of the Shanghai Futures Exchange (Trial) (revised version)
5. Bitumen Futures Delivery Rules of the Shanghai Futures Exchange (Trial) (revised version)

Shanghai Futures Exchange
August 25, 2023