|
Product |
Bitumen |
|
Contract Size |
10 tons/lot |
|
Price Quotation |
(RMB) Yuan/ton |
|
Minimum Price Fluctuation |
2 Yuan/ton |
|
Daily Price Limit |
Within 3% up or down of the settlement price of the previous trading day |
|
Contract Series |
Monthly contract of the recent 6 consecutive months and consecutive quarterly contracts within the recent 24 months |
|
Trading Hours |
9:00am to 11:30am, 1:30pm to 3:00pm (the Beijing Time) and other trading hours as prescribed by the SHFE |
|
Last Trading Day |
The 15th day of the spot month (If it is a public holiday, the Last Trading Day shall be the 1st business day after the holiday) |
|
Delivery Period |
The 5 consecutive business days after the last trading day |
|
Grade and Quality Specifications |
70# Class-A road bitumen, more details on quality specifications to be found in the Bitumen Futures Delivery Rules of the Shanghai Futures Exchange (Trial) |
|
Delivery Venue |
Certified Delivery Warehouse of the SHFE |
|
Minimum Trade Margin |
4% of contract value |
|
Settlement Type |
Physical Delivery |
|
Contract Symbol |
|
|
Exchange |
SHFE |
