News Report: Recently, the Huangpu Comprehensive Bonded Zone (referred to as "Huangpu Bonded Zone") has added 2 international copper futures delivery warehouses. Guangdong Jushen Storage Co., Ltd. and Henruibao Storage (Shanghai) Co., Ltd. have respectively received approval from the Shanghai International Energy Exchange Center (INE) to establish international copper futures delivery warehouses and storage points within the Huangpu Bonded Zone. The total approved storage capacity is 20,000 tons. This makes them the first batch of international copper futures delivery warehouses in South China, marking a breakthrough in international copper bonded delivery in this region.
In November 2020, international copper futures were officially listed for trading at the Shanghai International Energy Exchange. The futures保税 settlement allows both trading parties to conduct physical delivery using the commodities listed in the futures contracts that are under保税 supervision as the subject matter. The process is simple， as the goods only transfer ownership without the need for import customs declaration， effectively reducing transaction costs and opening up a channel for the linkage of domestic and foreign futures and spot markets.
"Copper is one of the most important non-ferrous metals. The industry is highly marketized and internationalized. Previously, the INE international copper futures delivery warehouses were mainly located in Shanghai. The South China region, as an important copper consumption and processing manufacturing area in the country, still lacked international copper bonded delivery services. The cost and time for bonded delivery by local enterprises in this region were relatively high. Therefore, our company, in response to this development need, decided to submit an application to the Shanghai Futures Exchange to establish a delivery point in Guangzhou." Chen Ye, the general manager of Henrui Baopu Warehousing (Shanghai) Co., Ltd., introduced.
After learning about this situation, Huangpu Customs actively reached out to the enterprises, explained the relevant regulatory policies of futures保税 delivery, the certification standards of the exchange and the requirements for warehouse zoning， guided the enterprises to improve their compliance capabilities by referring to the standards， and carried out upgrades and renovations in terms of process standardization， system construction and information connection. At the same time， it further optimized the regulatory services， relying on the policies of the comprehensive bonded zone and its geographical advantages， deepened reforms such as "classification supervision of stored goods according to their status"， "multiple vehicles for one consignment" and "dynamic warehouse"， actively strengthened communication and cooperation with the Shanghai International Energy Exchange Center and local governments， and broke through the approval bottlenecks to ensure the compliance and orderly implementation of futures保税 delivery business.
At present, the Huangpu Comprehensive Bonded Zone has gathered enterprises such as Zhongchuang Shares, Shitianwei, Ju Shen, and Hengruibao in the field of non-ferrous metals. This newly added Shanghai INE International Copper Delivery Warehouse, combined with the delivery warehouses of the London Metal Exchange (LME) and the Chicago Mercantile Exchange (CME) located in Hong Kong, provides more convenient international delivery coordination services for the non-ferrous metal industrial cluster in the Guangdong-Hong Kong-Macao Greater Bay Area.
