Wire flash
SHFE Plans Corrugated Base Paper Futures, 40 Tons per Lot
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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.
Source report
Shanghai, September 24 — The Shanghai Futures Exchange has published a draft of the business细则 (detailed rules) for corrugated base paper futures for public consultation.
Key specifications outlined in the draft include:
- Trading unit: 40 tons per contract
- Quotation unit: Yuan (RMB) per ton
- Minimum price fluctuation: 1 yuan per ton
Source
财联社Eastern