Trading Unit

10MT/contract

Price Quote

CNY/MT

Tick Size

1 CNY/MT

Daily Price Limit

4% of last settlement price (The Exchange occasionally makes adjustments to the daily price limits, margin, and position limits, all such adjustments are announced in advance. For each contract, the current trading day's price limit, margin level, and position limit can be found at: http://www.dce.com.cn/DCE/TradingClearing/Business%20Parameters/Trading%20Parameters/index.html ,under "Daily Parameters" )

Contract Months

Jan, Mar, May, July, Sep, Nov

Trading Hours

9:00 - 11:30 am, 13:30 - 15:00 pm Beijing Time, Monday - Friday, with extended hours trading session from 21:00 to 23:30 pm, and other trading hours as announced by DCE

Last Trading Day

10th trading cay of the delivery month

Last Delivery Day

7th day after the last trading day of the delivery month

Deliverable Grades

See the attached form for details

Delivery Location

The warehouses appointed by the DCE

Trading Margin

5% of the contract value

Settlement Method

Centralized delivery

Transaction Code

A