上期所：胶版印刷纸期货首次交割完成 交割金额近760万元

Core Insights - The Shanghai Futures Exchange successfully completed the first delivery of the胶版印刷纸 (offset printing paper) futures contract OP2601, with a total delivery amount of nearly 7.6 million yuan and a volume of 1,840 tons [1] - The trading of胶版印刷纸 futures has been stable since its launch on September 10, 2025, with a cumulative transaction volume of 309,500 contracts and a total transaction value of 51.387 billion yuan as of January 15, 2026 [1] - The successful delivery process is expected to enhance the transparency and fairness of the胶版印刷纸 market, filling a gap in domestic cultural paper financial derivatives [2] Group 1 - The first delivery of胶版印刷纸 futures was completed smoothly, indicating a well-functioning market with increasing participation from enterprises [1] - The delivery price of the OP2601 contract accurately reflects domestic spot prices, aiding in effective market integration and risk management [1] - Shandong Huatai Paper Co., Ltd. emphasizes the benefits of participating in the胶版印刷纸 futures market, including profit locking and sales strategy diversification [2] Group 2 - The futures service provider, Galaxy Futures, highlights its commitment to supporting the实体经济 (real economy) and ensuring the stable operation of胶版印刷纸 futures [2] - The introduction of a delivery warehouse pricing guidance system by the Shanghai Futures Exchange aims to meet the diverse needs of enterprises in the胶版印刷纸 industry [2] - The successful completion of the first warehouse receipt transfer before delivery demonstrates the flexibility and efficiency of the期转现 (futures-to-spot) business model [3]