Since the listing of the coated paper futures on September 10, 2025, the trading has been stable, the participation of enterprises has been continuously improved, the connection of various business processes has been smooth, and the market function has been gradually played. As of January 15, 2026, the total number of contracts traded has reached 309,500, with a total transaction amount of 51.387 billion yuan. On November 16, 2025, the Shanghai Futures Exchange held a coated paper futures delivery business training meeting and conducted a simulation exercise of the delivery warehouse operation norms in Jiaxing, Zhejiang, laying a solid foundation for the first delivery.
As one of the futures service providers for this delivery, the relevant person in charge of Galaxy Futures stated that the Shanghai Futures Exchange has always adhered to the responsibility of serving the real economy, and has continuously provided various refined services to fully ensure the stable operation of the rubber plate printing paper futures. Galaxy Futures has used a variety of forms to assist real-world enterprises in smoothly completing the various tasks of the first delivery of rubber plate printing paper futures. On January 15, 2026, the Shanghai Futures Exchange launched a guide price quotation for the delivery warehouse of rubber plate printing paper, which can effectively meet the needs of real-world enterprises for rubber plate printing paper with different quantities, brightness, and non-certified brands, and provides precise management tools for price fluctuation risks for enterprises in the cultural paper industry chain in China.
On January 12th, Zhongda Chemical Group Co., Ltd. and Suzhou Shengda Supply Chain Co., Ltd. completed the first warehouse receipt transfer before the delivery of the first batch of goods through the exchange.
As the futures service provider for this physical delivery business, the relevant person in charge of CITIC Futures stated that compared to the centralized delivery at the expiration of the contract, the physical delivery business has strong flexibility in terms of timing, quantity, delivery location, and quality standards, which helps to accurately match the actual needs of buyers and sellers and reduce the delivery costs of enterprises. CITIC Futures, based on customer needs, assists both buyers and sellers in efficiently connecting spot resources with futures positions, promoting the smooth connection between futures prices and spot trade, and ensuring that the physical delivery process is standardized, orderly, and efficiently implemented.
The relevant person in charge of the exchange said that it will continue to take serving the real economy as its mission, strengthen overall coordination with a high sense of responsibility, conscientiously perform the duties of market supervision and risk prevention, and at the same time, closely follow the market voice, continuously optimize the delivery process, and continuously improve the fit between the futures and spot markets to ensure the stable operation and function of the futures contract for rubber printing paper.
