Exchange |
Shanghai Futures Exchange (SHFE) |
Type |
Metal |
Underlying |
Steel Wire Rod |
Currency |
Renminbi (RMB) |
Contract Size |
10 Metric Tonnes |
Tick Size |
1.0 |
Tick Value |
10 RMB |
Pre-Open 1 |
|
Trading Session 1 |
09:00- 11:30 |
Pre-Open 2 |
|
Trading Session 2 |
13:30 - 15:00 |
Pre-Open T+1 |
No T+1 Session |
Trading Session T+1 |
No T+1 Session |
Last Trading Day |
15th Trading Day of the Delivery Month |
Last Delivery Day |
16th to 20th day after the Last Trading Day of the Delivery Month |
Final Settlement Price |
|
Settlement Type |
Physical |
Deliverable Grade |
As specified in Steel for the reinforcement of concrete Part 1: Hot-rolled plains bars, GB1499.1-2008. In the category of HPB235 with a diameter of 8mm. or As specified in Steel for reinforcement of concrete Part 1: Hot-rolled plains bars , B1499.1-2008. In the category of HPB235 with a diameter of 6.5mm. |
Delivery Minimum |
300 tonnes or 30 contracts |
Delivery Location |
The Warehouses Appointed by the Shanghai Futures Exchange |
Contract Months |
12 months of the year |
First Trading Day |
|
Position Limit |
|
Initial Margin (outright) |
7% of the Contract Value |
Maintenance Margin (outright) |
7% of the Contract Value |
Clearinghouse Margin (outright) |
|
Listed Spread |
No |
Initial Margin (spread) |
|
Maintenance Margin (spread) |
|
Clearinghouse Margin (spread) |
|
Daily Price Limit |
4% of Last Settlement Price |
Options |
No |
Exchange Symbol |
Rb |
Reuters Symbol |
|
Bloomberg Symbol |
|
ISIN Symbol |
|
SEDOL |
|
Notes |
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