The Shanghai Futures Exchange has agreed to increase the warehouse capacity for hot-rolled coil futures delivery for China Merchants Development Co., Ltd.

On March 20th, the Shanghai Futures Exchange issued a notice approving the increase in the delivery warehouse capacity for hot rolled coil futures by Zhongchu Development Co., Ltd. According to the "Shanghai Futures Exchange Delivery Warehouse Management Measures" and other relevant regulations, it has been decided after study to approve the increase in the warehouse capacity at the storage point of Zhongchu Development Co., Ltd. located at Zhongchu Xi'an Logistics Center, Lab Village, Qizhu, Xiekou Street Office, Lintong District, Xi'an City, Shaanxi Province, from 15,000 tons to 30,000 tons.