Shanghai Futures Exchange seeks feedback on corrugating medium paper futures and options
On September 24, the Shanghai Futures Exchange (SHFE) issued a public consultation on proposed futures and options contracts for corrugating medium paper, a packaging material made from recycled waste paper. The contracts, with trading code CM, are sized at 40 tons per lot with a 1 yuan/ton minimum price fluctuation and a 4% minimum margin. The move aims to expand SHFE’s pulp and paper derivatives system, complementing existing pulp and offset printing paper futures. SHFE will review feedback before finalizing the contracts for launch.
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Shanghai Futures Exchange Seeks Feedback on New Corrugating Medium Futures and Options
On September 24, the Shanghai Futures Exchange (SHFE) announced it is seeking public feedback on proposed futures and options contracts for corrugating medium paper, a key packaging material. The contracts, with trading code CM, are sized at 40 tons per lot with a minimum price fluctuation of 1 yuan per ton and a 4% minimum margin. The move aims to expand SHFE's pulp and paper derivatives system, complementing existing pulp futures (launched 2018) and offset printing paper futures (2025). Corrugating medium, made from recycled waste paper, is used in packaging for food, beverages, and appliances. The exchange stated the contract rules encourage low-emission products, supporting green transition in the packaging paper industry. SHFE will review feedback before finalizing the contracts for launch.
Read sourceShanghai Futures Exchange Releases Draft Rules for Corrugated Base Paper Futures
On September 24, the Shanghai Futures Exchange (SHFE) published a draft business细则 (detailed rules) for corrugated base paper futures contracts, now open for public comment. According to the draft, the trading unit for each corrugated base paper futures contract will be 40 tons per lot. The quotation unit will be in yuan (RMB) per ton, and the minimum price fluctuation will be set at 1 yuan per ton. This move marks a step toward launching a new commodity futures product on the SHFE, providing hedging and price discovery tools for the paper packaging industry. The draft细则 outlines key contract specifications, though the final listing date and other details remain subject to regulatory approval and market feedback.
Shanghai Futures Exchange Seeks Public Feedback on Corrugated Base Paper Futures and Options Contracts
The Shanghai Futures Exchange (SHFE) announced on September 24 that it is seeking public feedback on proposed futures and options contracts for corrugated base paper, along with associated business rules. The exchange stated the move aims to meet the risk management needs of the paper industry chain, enhance the quality of services to the real economy, and promote a fair and transparent pricing system. The article notes that corrugated base paper, primarily made from recycled waste paper, is used to produce corrugated cardboard for packaging, with demand closely tied to food, beverage, and home appliance sectors as well as e-commerce growth. SHFE explained that existing listed pulp and offset printing paper futures have low or negative price correlations with corrugated base paper spot prices (0.22 and -0.42 respectively), making them ineffective hedging tools for the packaging industry. The proposed futures contract has a trading unit of 40 tons per lot, minimum price fluctuation of 1 yuan/ton, and delivery months from January to December. The options contract will use American-style exercise. The consultation period is now open.
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Shanghai Futures Exchange Seeks Public Feedback on Wastepaper Pulp Futures and Options
On September 24, Jin10 Futures reported that the Shanghai Futures Exchange (SHFE) has issued a public consultation notice regarding proposed wastepaper pulp futures and options contracts, along with related business rules. The announcement marks a step toward potentially launching these new commodity derivatives in China. The exchange is soliciting market feedback on the contract specifications and operational details before finalizing the listing. This move aims to provide hedging tools for the paper industry, which faces price volatility in raw materials. The consultation period will allow industry participants, investors, and other stakeholders to submit comments. The SHFE's initiative reflects ongoing efforts to expand China's commodity futures market and offer more risk management instruments for the domestic pulp and paper sector.
Shanghai Futures Exchange Seeks Public Feedback on Corrugated Base Paper Futures and Options Contracts
On September 24, the Shanghai Futures Exchange (SHFE) announced it is seeking public feedback on proposed futures and options contracts for corrugated base paper, along with related business rules. The drafts, titled 'Shanghai Futures Exchange Corrugated Base Paper Futures Contract,' 'Shanghai Futures Exchange Corrugated Base Paper Futures Options Contract,' and 'Shanghai Futures Exchange Corrugated Base Paper Futures Business Rules,' were prepared in accordance with China's Futures and Derivatives Law, the Futures Trading管理条例, and the Measures for the Administration of Futures Exchanges. The move aims to expand commodity derivatives offerings in China's paper industry.
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