Article 6 Delivery procedures:

(1) First delivery date

2. The seller shall submit standard warehouse receipts (rebar, wire rod and hot rolled coil futures contracts are also allowed to submit factory warehouse standard warehouse receipts). The seller shall, within the first delivery date, submit a valid standard warehouse receipt that has paid the storage fee to the exchange through the standard warehouse receipt management system.

Article 8 After the physical delivery is completed, if the buyer disagrees with the quality and quantity of the delivered goods (natural rubber and silver delivery goods should be in the designated delivery warehouse), he shall submit a written application to the Exchange before 15 of the month of physical delivery (including the day, which is postponed to the first working day after the holiday in case of legal holidays), and shall also provide the quality supervision and inspection institution (lead and silver) designated by the Exchange. If the buyer fails to apply for the delivered goods within the time limit, it shall be deemed that the buyer has failed to do so. However, if the quality and quantity of rebar, wire rod and hot rolled coil are otherwise stipulated in the second paragraph of this article, such provisions shall prevail.

After the physical delivery of rebar, wire rod and hot-rolled coil is completed, if the buyer disagrees with the quality and quantity of the delivered goods (the disputed delivered goods should be in the designated delivery warehouse), he should submit a written application to the Exchange before 15 of the next month of the physical delivery month (including that day, which will be postponed to the first working day after the holiday in case of legal holidays), and provide the quality supervision and inspection institutions (rebar and wire rod) designated by the Exchange with each batch of delivered rebar. Even if the delivery deadline of each batch of rebar, wire rod and hot-rolled coil is earlier than the submission deadline of the quality objection period, if the quality appraisal conclusion of this batch of goods is unqualified, the seller still needs to take full responsibility for the actual quality of this batch of delivery.

Chapter 10 Delivery of Hot Rolled Coils

Article 64 Delivery unit: 300 tons.

Article 65 See the standard contract for hot rolled coil futures of Shanghai Futures Exchange for delivery grades.

Article 66 Provisions on Delivery Quality of Hot Rolled Coils

The delivered hot rolled coil shall be a registered commodity produced by a manufacturer registered in the exchange.

The shape, size, weight and allowable deviation of the delivered hot rolled coil shall comply with GB/T3274-2007 Hot Rolled Thick Steel Plate and Strip of Carbon Structural Steel and Low Alloy Structural Steel or JISG 3101-2010 Steel Rolling for General Structure and other relevant regulations.

The delivery period of each batch of hot rolled coil is within 360 days from the production date, and the earliest production date of hot rolled coil of each warehouse receipt is the production date of the warehouse receipt.

Article 67 Specifications of delivered goods

The hot-rolled coil of each warehouse receipt shall consist of goods of the same manufacturer, brand, width and thickness.

Article 68 Packaging and stacking of hot rolled coils for delivery

The package, mark and quality certificate of the delivered hot rolled coil shall comply with GB/T3274-2007 Hot Rolled Thick Steel Plate and Strip of Carbon Structural Steel and Low Alloy Structural Steel or JISG 3101-2010 Rolling Steel for General Structure and other relevant regulations.

The subject matter of each warehouse receipt of hot rolled coils for delivery shall be stacked as a stacking position.

Article 69 Necessary documents for delivery of goods

The product quality certificate issued by the registered production enterprise shall be provided.

Article 70 Measurement and overflow

The delivery of hot rolled coil shall be measured by actual weighing. The physical overflow of each standard warehouse receipt of hot rolled coil shall not exceed 5%. The increase or decrease clause shall not exceed 0.3%.

Article 71 During the delivery period, if the standard warehouse receipt, special VAT invoice, payment for goods and other delivery items are completed before 14:00 on the same day, the exchange will refund the corresponding delivery position deposit on the same day. If the transaction is made after 14:00 on the same day, the exchange will clear the margin of the delivery position on the next trading day.

Article 72 Delivery place: the delivery warehouse designated by the Exchange (designated by the Exchange and announced separately).

Chapter II Delivery of XI Natural Rubber

Article 73 Delivery unit: Physical delivery shall be based on each lot or its integral multiple.

Article 74 See the standard contract of natural rubber of Shanghai Futures Exchange for the delivery grade.

Article 75 Domestic registered brands of natural rubber shall be released separately by the Exchange.

Article 76 Packaging:

(1) The outer packaging of domestic natural rubber (SCRWF) is made of polyethylene film and polypropylene woven bag, with a net weight of 33.3kg per package and 30 packages per ton, and no leakage is allowed. The size of the plastic bag is 670×330×200mm, and the following contents should be marked on the outside of the plastic bag: standard rubber grade code, net weight, manufacturer's name or factory code, production date and production license number.

(2) The imported No.3 cigarette film is a plastic bag covered with film, and the weight of the plastic bag in each delivery batch should be the same. The weight of standard parts is111.11kg, with 9 bags per ton, without overflow. The weight of non-standard parts can be measured, with 0.2% increase or decrease clause and 3% overflow allowed.

Article 77 Necessary documents for the delivery of commodities:

(1) When the domestic natural rubber is delivered in kind, the original quality inspection certificate (or inspection/appraisal report) issued by the national legal inspection agency designated by the Exchange shall be provided.

(2) When the imported No.3 cigarette film is delivered in kind, it shall provide a copy of the customs declaration form for imported goods, the original or copy of the commodity inspection certificate, the foreign trade contract, the special payment book for customs import duties and the special payment book for value-added tax levied by the customs.

(3) The inspection method is sampling inspection, and the sampling place is the delivery warehouse designated after warehousing. Sampling in transit such as stations and docks is strictly prohibited. If the inspection lot is less than100t (including100t), it shall be inspected in batches.

If the national tax and commodity inspection policies are adjusted, they shall be implemented according to their provisions, and the documentary requirements for related imported goods shall be issued separately by the Exchange.

Article 78 Period of validity:

(1) The term of validity of domestic natural rubber (SCRWF) delivered in storage is the last delivery month of the second year of the production year, and those beyond the term of validity are converted into spot. If the domestic natural rubber produced in that year is used for physical delivery, it shall be put into storage before June (excluding June) of the following year at the latest, and shall not be used for delivery after the deadline.

(2) The validity period of the imported No.3 smoke film from the warehouse is eighteen months from the date of issuance of the commodity inspection certificate, and the imported No.3 smoke film is converted into spot. No.3 smoke film used for physical delivery shall be put into storage within six months from the date of issuance of the commodity inspection certificate, otherwise it shall not be used for delivery.

(3) The commodity inspection certificate and quality inspection certificate (or inspection/appraisal report) of natural rubber in the warehouse shall be valid within 90 days from the date of issuance. After the expiration, the corresponding goods should be re-examined and can be used for the next delivery only after they are qualified.

Article 79 Natural rubber put into storage shall be dry and clean. The designated delivery warehouse shall conduct unpacking inspection on 10% of the whole batch delivery at the time of acceptance, and sew again. If the surface is found to be aging, cracked, wet, moldy, black and seriously polluted, it shall be rejected and shall not be delivered for use.

Article 80 The subject matter listed in the standard warehouse receipt shall be natural rubber in the same batch and with the same packaging specifications.

Article 81 Settlement price of natural rubber futures: the settlement price of natural rubber futures is the weighted average price of the transaction price of the contract in the last five trading days according to the volume.

After receiving the delivery payment from the buyer member, the exchange will repay the deposit of the delivery position. If the Exchange thinks that the goods delivered this time may have quality objection, it has the right to clear the delivery parts of the seller members who have no objection to this delivery on the first working day after 15 of the next month of the delivery month.

Article 82 Delivery place: the delivery warehouse designated by the Exchange.

Chapter XII Delivery of Silver

Article 83 Delivery unit: 30 kilograms.

Article 84 See the standard silver futures contract of Shanghai Futures Exchange for delivery grades.

Article 85 Delivery of commodities

It should be a commodity with a registered trademark produced in a factory registered in this firm.

Article 86 Specifications of delivered goods

The specifications of delivery silver ingots are 1 5kg1kg and 30kg/kg.

The silver ingot of each warehouse receipt shall be composed of the same commodity, the same brand, the same registered trademark and the same shape produced by the same manufacturer.

Article 87 Packaging of delivered goods

There is no packaging requirement for silver ingots.

Article 88 Necessary documents for the delivery of commodities

(1) Domestic goods: provide product quality certificates issued by registered production enterprises.

(2) Imported goods: The documentary requirements for related imported goods shall be issued separately by the Exchange.

Article 89 Overflow and over-reduction clauses: The overflow and over-reduction clauses of silver ingots shall not exceed 2kg per standard warehouse receipt, and the over-reduction clauses of each silver ingot shall not exceed 1 g..

Article 90 Quantity (weight) inspection of stored silver ingots

The designated delivery warehouse shall count the silver ingots put into storage and weigh them one by one. Within the scope stipulated in the increase or decrease clauses, the weight of each silver ingot shall be subject to the weight indicated on the manufacturer's quality certificate.

Article 91 During the delivery period, if the standard warehouse receipt, special VAT invoice, payment for goods and other delivery items are completed before 14:00 on the same day, the exchange will refund the corresponding deposit for delivery parts on the same day. If the transaction is made after 14:00 on the same day, the exchange will clear the margin of the delivery position on the next trading day.

Article 92 Delivery place: the delivery warehouse designated by the Exchange (designated by the Exchange and announced separately).

Chapter XIII Converting Futures into Spot

Article 93 The term now refers to the exchange's behavior that the members (customers) who hold contracts in the same month with opposite directions make an application to the exchange through consultation, and after the exchange agrees, the exchange will close the position on its behalf at the price stipulated by the exchange, and at the same time exchange warehouse receipts with the same quantity, variety and direction as the subject matter of the futures contract at the agreed price.

Article 94 The term of futures spot is from the listing date of futures spot contract to the first two trading days (including the current day) of the last trading day of the delivery month.

After reaching an agreement, the members (customers) of the buyer and the seller who hold the contract with the same delivery month shall apply to the Exchange for installment cash before the trading day 14:00 within the above-mentioned period, and fill in the application form for installment cash uniformly printed by the Exchange.

For non-standard warehouse receipt delivery, a copy of the relevant sales agreement and bill of lading shall be provided.

Article 95 Cash by installment is only applicable to the historical positions of all listed varieties of this Exchange, not to the newly opened positions on the application date.

Article 96 The settlement price for cash conversion of futures shall be the agreed price reached by the members (customers) of the buyer and the seller.

Article 97 Before the filing date 15:00, the future positions originally held by the buyer and the seller in the corresponding delivery month shall be liquidated by the exchange according to the settlement price of the delivery month contract on the trading day before the filing date.

Article 98 The trading margin for installment payment shall be calculated according to the settlement price of futures contracts in the delivery month on the trading day before the application date.

Article 99 The cash installment transaction of bills (including payment for goods and warehouse receipts) shall be completed in this Exchange before the trading day 14:00 after the application date.

Article 100 When all future settlement funds are converted into cash, they shall be transferred internally.

Article 101 The seller shall submit a special VAT invoice to the Exchange within 7 days after completing the cash transfer formalities. If the seller delivers the special VAT invoice before 14:00, the exchange will return the corresponding deposit to the seller after checking it. If delivery is made after 14:00, the exchange will clear the corresponding deposit at the time of settlement on the next trading day. The exchange shall issue a special VAT invoice to the buyer within the next working day after receiving the special VAT invoice from the seller.

If the VAT invoice is not submitted on time, it shall be handled in accordance with the relevant provisions of the Settlement Rules of Shanghai Futures Exchange.

Article 102 If the delivery is not completed within the time limit stipulated in Article 99 of this chapter, the provisions of these Rules on delivery breach shall apply; If there is any dispute over the quality of physical delivery, the buyer shall file an application for quality objection within 25 days after the bill exchange date, and shall also provide the quality appraisal conclusion issued by the quality supervision and inspection institution designated by the Exchange.

Disputes involving the physical quality of non-standard warehouse receipts shall be handled by the relevant members through coordination, and the Exchange shall not assume the guarantee responsibility.

Article 103 The current acts of non-goodwill transfer of futures shall be handled in accordance with the relevant provisions of the Measures for Handling Violations of Shanghai Futures Exchange.

Article 104 The Exchange will publish relevant information on cash conversion in a timely manner.

Chapter XIV Freight

Article 105 Both parties to the physical delivery shall pay the delivery fee to the Exchange respectively. Copper 2 yuan/ton, aluminum 2 yuan/ton, zinc 2 yuan/ton, rebar and wire 1 yuan/ton, natural rubber 4 yuan/ton. The delivery fees for lead, silver and hot-rolled coil futures shall be determined by the Exchange and announced separately.

Article 106 The items and standards of expenses incurred during the warehousing and warehousing of commodities shall be approved by the Exchange.

Article 107 The normal charging items and charging methods of the designated delivery warehouse are as follows:

(1) Warehousing fees, warehousing fees, loading and unloading fees, packaging (bagging) fees, sorting (sorting) fees, transfer fees, agency fees, expedited fees, manual operation fees requiring special treatment, printing fees for paper standard warehouse receipts and other fees approved by the exchange shall be paid in one lump sum by the designated delivery warehouse according to the actual goods and services, and checked by the delivery staff.

(2) The storage fee shall be charged on a daily basis. The storage fee before the last delivery date (including that date) shall be borne by the seller, and the storage fee after the last delivery date shall be borne by the buyer. After charging, the designated delivery warehouse shall indicate the date of paying the storage fee on the standard warehouse receipt. The owner shall go through the payment formalities at the designated delivery warehouse before the end of each month, and can pay in advance.

The charging standard for the designated delivery warehouse of natural rubber shall be determined by the Exchange and announced separately.

The charging standards for designated delivery warehouses of copper, aluminum and zinc shall be determined by the Exchange and announced separately.

The charging standard for the designated delivery warehouse of rebar, wire rod and hot rolled coil shall be determined by the Exchange and announced separately.

The charging standards for lead and silver designated delivery warehouses shall be determined by the Exchange and announced separately.

Chapter XV Breach of Delivery

Article 108 Any of the following acts constitutes a breach of delivery:

(1) The seller fails to deliver the standard warehouse receipt in full within the stipulated delivery period;

(two) the buyer failed to pay all the payment within the prescribed delivery period;

(three) the goods delivered by the seller do not meet the prescribed standards.

Article 109 When calculating the contract quantity delivered by the buyer in breach of contract, liquidated damages and compensation of 20% of the contract amount shall be reserved for the breaching part.

The formula for calculating the number of default contracts delivered by the buyer and the seller is:

Default contract quantity (lots) delivered by the seller = standard warehouse receipt payable quantity (lots)-standard warehouse receipt payable quantity (lots)

Number of delivery contracts (lots) defaulted by the buyer = (payment payable-paid) ÷( 1-20%)÷ settlement price ÷ trading unit.

Article 110 After a delivery default occurs, the Exchange shall notify the defaulting party and the corresponding observant party before the default date 16:30.

The observant party shall submit the choice intention of terminating delivery or continuing delivery to the Exchange in writing before 0:00 on the next trading day. If the selection intention is not submitted within the time limit, the exchange will terminate the delivery.

Article 111 The breaching party shall pay a penalty of 5% of the contract amount for the breaching part, and take the following measures:

(1) If the seller breaches the contract, the buyer can choose one of the following methods:

1. Termination of delivery: the exchange will refund the buyer's payment;

2. Continue delivery: The Exchange will issue a standard warehouse receipt purchase announcement on the next trading day when the seller is judged to be in default, and organize the purchase within seven trading days. If the purchase is successful, the exchange will pay the standard warehouse receipt to the buyer; If the purchase fails, the seller will pay the buyer a penalty of 15% of the contract amount, and the exchange will terminate the delivery after returning the delivery payment to the buyer. The seller shall bear all economic losses and expenses arising from the purchase.

(2) If the buyer breaches the contract, the seller can choose one of the following ways:

1. Delivery termination: the exchange returns the seller's standard warehouse receipt;

2. Continued delivery: The Exchange will issue an auction announcement of standard warehouse receipts on the next trading day when the buyer is judged to be in default, and organize the auction within seven trading days. If the auction is successful, the exchange will pay the delivery fee to the seller; If the auction fails, the buyer will pay compensation of 15% of the contract amount to the seller, and the exchange will terminate the delivery after returning the seller's standard warehouse receipt. The buyer shall bear all economic losses and expenses arising from the auction.

After the delivery is terminated, the delivery guarantee liability of the Exchange shall be terminated.

Article 112 The purchase price shall not be higher than 125% of the settlement price, and the auction price shall not be lower than 75% of the settlement price.

Article 113 If both the buyer and the seller breach the contract, the Exchange will terminate the delivery and impose a fine of 5% of the part of the contract value in breach.

Article 114 When a member defaults on partial delivery, the standard warehouse receipt or payment received by the defaulting member can be used for default treatment.

Article 115 If a member intentionally breaches the contract in the physical delivery, it shall be handled in accordance with the relevant provisions of the Measures for Handling Violations of Shanghai Futures Exchange.

Article 116 A member who violates the contract and the designated delivery warehouse are obliged to provide evidence related to the breach of the contract. If a member refuses to provide evidence, it will not affect the determination of the facts of breach of contract.

Article 117 Any dispute between the consignor and the designated delivery warehouse over the inspection results of the delivered goods shall generally be settled through mutual inspection. It can also be submitted to the quality inspection institution designated by the exchange for re-inspection, and the re-inspection result can be used as the basis for resolving disputes.

Chapter XVI Supplementary Provisions

Article 1 18 on the delivery of fuel oil, gold, petroleum asphalt, etc. It will be announced separately by the exchange.

Article 119 Measures for the organization and implementation of spot contract transactions and standard warehouse receipt transactions shall be formulated separately.

Article 120 In case of violation of these Rules, the Exchange shall handle it in accordance with the relevant provisions of the Measures for Handling Violations of Shanghai Futures Exchange.

Article 121 The Shanghai Futures Exchange shall be responsible for the interpretation of these Detailed Rules.

Article 122 These Rules shall come into force as of the date of promulgation. (Implemented as of the listing date of hot rolled coil futures. )