Contract Size

20 Tons/contract

Pricing Unit

Yuan (RMB)/Ton

Tick Size

1 Yuan/Ton

Daily Price Limit

Up/Minus 4% of the previous settlement price. See related details from Risk Control Management Rules of Zhengzhou Commodity Exchange

Minimum Trading Margin

5% of contract value

Contract Months

Jan, Mar, May, Jul, Sep and Nov

Trading Hours

Monday to Friday(except public holidays)

 9:00 a.m.-11:30 a.m.  1:30 p.m.-3:00 p.m.( Beijing Time)

Last Trading Day

The 10th trading day of the delivery month

Last Delivery Date

The 12th trading day of the delivery month

Deliverable Grades   

see Futures Delivery Rules of Zhengzhou Commodity Exchange

Delivery Points

Exchange-appointed delivery points

Delivery Method

Physical delivery

Ticker Symbol

LR