en.Wedoany.com Reported - Recently, the first batch of international copper futures delivery warehouses in South China officially settled in the Guangzhou Huangpu Comprehensive Bonded Zone. On the same day, the "Jiangtong Brand" cathode copper from Jiangxi Copper (Qingyuan) Co., Ltd. was formally registered as the first batch of metal warehouse receipts for the international copper futures delivery warehouse in Guangzhou, under the Shanghai Futures Exchange (SHFE) and the Shanghai International Energy Exchange (INE), successfully completing delivery operations. This marks a breakthrough from scratch for the international copper bonded delivery system in the South China region.
The international copper futures delivery warehouse established this time is jointly set up by the Shanghai Futures Exchange and the Shanghai International Energy Exchange, operating based on the locational and policy advantages of the Guangzhou Huangpu Comprehensive Bonded Zone. Jiangxi Copper (Qingyuan) Co., Ltd. is a leading copper smelting enterprise in South China, holding dual registered brand qualifications from the Shanghai Futures Exchange and the London Metal Exchange (LME). It had previously successfully completed the first batch of electrolytic copper delivery at the LME Hong Kong delivery warehouse. Seizing the opportunity of the South China delivery warehouse's establishment, it took the lead in arranging domestic bonded delivery operations, achieving two-way connectivity between domestic and international delivery businesses.
The activation of this delivery warehouse fills the gap in the international copper futures bonded delivery field in South China, establishing a new national copper futures delivery pattern of "Shanghai-Guangdong linkage." Through the policy advantages of nearby delivery and bonded transfer, Jiangxi Copper South will further shorten the warehouse receipt registration and cargo transfer cycles, reduce regional and cross-border logistics, warehousing, and delivery comprehensive costs, and open up the international copper futures-spot linkage channel, improving the full-chain services for hedging and spot trading.
Jiangxi Copper (Qingyuan) Co., Ltd., a subsidiary of Jiangxi Copper Co., Ltd., is one of China's major copper smelting enterprises. It has a modern copper smelting and processing base in Qingyuan City, with products covering cathode copper, copper rods, etc., and has long served the non-ferrous metals industry chain in the Guangdong-Hong Kong-Macao Greater Bay Area.
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