|
Product |
Steel Rebar |
|
Contract Size |
10 metric tons/lot |
|
Price Quotation |
Yuan (RMB)/metric ton |
|
Minimum Price Fluctuation |
1 Yuan/metric ton |
|
Range of Price Limit |
Within 3% of the settlement price of the preceding trading day |
|
Listed Contracts |
Monthly contract for the most recent 12 months |
|
Trading Hours |
9:00 a.m. to 11:30 a.m., 1:30 p.m. to 3:00 p.m., and other hours specified by the Exchange (Beijing Time) |
|
Last Trading Day |
15th day of the contract month (postponed accordingly if it is a legal holiday in China and subject to separate adjustment and announcement by the Exchange if it falls in the Spring Festival month or another month specially designated by the Exchange.) |
|
Delivery Period |
Three consecutive business days after the last trading day |
|
Grade and Quality Specifications |
Standard: HRB400 steel rebars of diameter Φ16 mm, Φ18 mm, Φ20 mm, Φ22 mm, or Φ25 mm as prescribed in National Standard GB/T 1499.2-2018: Steel for the Reinforcement of Concrete - Part 2: Hot Rolled Ribbed Bars. Substitute: HRB400E steel rebars of diameter Φ16 mm, Φ18 mm, Φ20 mm, Φ22 mm, or Φ25 mm as prescribed in National Standard GB/T 1499.2-2018: Steel for the Reinforcement of Concrete - Part 2: Hot Rolled Ribbed Bars. |
|
Delivery Venue |
SHFE-designated delivery storage facilities |
|
Minimum Trade Margin |
5% of contract value |
|
Settlement Type |
Physical delivery |
|
Delivery Unit |
300 metric tons |
|
Contract Symbol |
RB |
|
Listing Exchange |
Shanghai Futures Exchange |
