Trading Unit

100MT/Contract

Price Quote

CNY/MT

Tick Size

0.5 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

Monthly contracts (12 contracts per year)

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 day of the delivery month

Last Delivery Day

3rd day after the last trading day of the delivery month

Deliverable Grades

DCE Iron Ore Delivery Quality Standards 

Delivery Location

The warehouses and delivery locations appointed by DCE

Minimum Trading Margin

5% of the contract value(temporarily 8%)

Delivery Form

Physical delivery

Ticker Symbol

I