The inland of China's first copper futures delivery warehouse approved

The Xinhua News Agency reported on December 8th: the 7 reporters from Jiangxi Yingtan City letter Committee was informed that, after more than two years of reporting, the Shanghai futures exchange was formally approved the establishment of the Yingtan copper futures delivery warehouse. 11 copper futures delivery warehouse establishment approval after all in the eastern coastal city of China, Yingtan is the first approved the Inland city.
According to the characteristics of copper futures varieties, copper futures delivery warehouse establishment mainly concentrated region of consumption in electrolytic copper and distributing center. The establishment of the copper futures delivery warehouse, can not only broaden the copper electrolytic copper enterprises purchase channel, reduce the cost of purchasing logistics, enhance the initiative copper deep processing industry development, but also conducive to the realization of copper futures and spot market linkage, driven by the development of transportation, finance, commerce and other related industries.
The reporter understands, the approved Yingtan copper futures delivery warehouse approved capacity of 3000 tons. In the future, the delivery warehouse will become a futures contract to fulfill the physical delivery of the delivery location.