Shanghai Futures Exchange: Agrees to Zhejiang Merchants Zhongtuo Group Logistics Technology Co., Ltd. Abandoning Aluminum and Zinc Futures Delivery Warehouse Qualifications

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On March 10, the Shanghai Futures Exchange announced that it recently received an application from Zhejiang Merchants Zhongtuo Group Logistics Technology Co., Ltd. According to the “Shanghai Futures Exchange Delivery Warehouse Management Measures” and other relevant regulations, after review, it has been decided: Zhejiang Merchants Zhongtuo Group Logistics Technology Co., Ltd. will relinquish its qualification as a delivery warehouse for aluminum and zinc futures. The storage address at No. 117, Guanghai Avenue West, Yundonghai Street, Sanshui District, Foshan City, Guangdong Province, will be canceled. The approved warehouse capacity is 20,000 tons for aluminum and 20,000 tons for zinc. From the date of this announcement, Zhejiang Merchants Zhongtuo Group Logistics Technology Co., Ltd. will no longer conduct any aluminum and zinc futures delivery warehouse business with the Shanghai Futures Exchange.

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