Shanghai deputy secretary-general Zhu Min said at a Sept. 3 press briefing that
during the 15th Five-Year Plan period the city will build a layered "Shanghai
Price" by strengthening transaction pricing, transit/distribution and
risk‑management functions. The initiative will prioritize established categories
such as iron ore and copper, emerging areas including LNG, power and computing
power, and potential sectors like hydrogen-based new energy. Policy measures
include deepening futures‑spot linkage, expanding categories eligible for bonded
warehouse receipt pledging, enhancing standard warehouse receipt trading and
pledge functions, and broadening OTC bulk‑commodity derivative supply. Shanghai
will accelerate internationalization of futures and options, open more contracts
to foreign participation, and use construction of a "credit‑trade chain" to
build a trusted commodity trading ecosystem and boost the influence of Shanghai
Price.
