Recently, the “Casted Aluminum Alloy Futures Delivery Business Training Conference” hosted by the Shanghai Futures Exchange was held in Chongqing and Wuxi respectively. Experts from the Recycled Metals Branch of the China Nonferrous Metals Industry Association attended the on-site meeting. Nearly 200 people including China Reserve Development Co., Ltd., Wumin Wuxi Logistics Park Co., Ltd., Jiangsu Lizhong New Materials Technology Co., Ltd., Chongqing Shunbo Aluminum Alloy Co., Ltd., Shanghai Customs Industrial Products and Raw Materials Inspection Technology Center and other cast aluminum alloy futures delivery warehouses, registered brand manufacturers, designated inspection institutions, trader representatives and futures company members attended the on-site training meeting. The meeting also passed the “Last Live Broadcast Room” to allow about 600 people to participate in the training online.
The Shanghai Futures Exchange introduced the operation of cast aluminum alloy futures, the business model of the two-party invoice, the delivery-related rules and the application requirements of the non-ferrous metal data system, and gave a special explanation on matters related to the delivery business of cast aluminum alloy futures; China Reserve Wuxi and Guangdong Jushen interpreted the stacking, acceptance, warehouse entry and daily warehouse management of cast aluminum alloys based on the precautions for delivery warehouse operations; Shanghai Customs explained in detail the relevant contents of quality inspection and standardization of cast aluminum alloys; in addition, the training meeting also set up a machine-mounted simulation link of the standard warehouse receipt management system, and the Shanghai Futures Exchange gave a detailed explanation and demonstration on the operation procedures of cast aluminum alloy entry and exit business, cargo location management, warehouse receipt transfer, pledge registration, quality inspection certificate entry and review. At the same time, the Shanghai Futures Exchange also organized a delivery warehouse and designated inspection institutions to go to China Reserve Wuxi for on-site business drills during the training period, including declaration of cast aluminum alloy futures in warehouses, quality inspection, out-of-warehouse, etc., and implemented the precautions for operation with relevant units one by one to consolidate the preparations before the first delivery of cast aluminum alloy futures.
The delegates at the meeting said that since the listing of aluminum alloy futures, the operation has been generally stable, the business has been smooth, and all parties have actively participated. This training session closely focused on the futures and spot market conditions of cast aluminum alloys, futures delivery business and standard warehouse receipt management system, and deeply interpreted the professional knowledge and practical points of cast aluminum alloy futures delivery, deepening everyone's understanding and understanding of futures delivery business. As my country's first recycled metal futures product, the listing of cast aluminum alloy futures will help the coordinated development of the futures and spot market, enhance the international influence of my country's recycled aluminum prices, promote the construction of a full aluminum industry chain financial service guarantee, and better practice “green finance”. During the same period of listing, the Shanghai Futures Exchange promoted the application of non-ferrous metal data systems to relevant units, which will help standardize the recycled aluminum industry and unified the data in the warehousing industry, form an intelligent and digital warehousing supervision model, and thus better serve the high-quality development of the real economy.