Futures in China
Common Wheat 2014-09-01
Product Common wheat
Contract Size 50 tons
Price Quotation Yuan (RMB)/Ton
Minimum Price Fluctuation 1Yuan/ton
Daily Price Limit
The Lowest Margin Rate
4% of above or below the previous trading day's settlement price and relevant provisions of Measure for Management of Risk Control of Zhengzhou Commodity Exchange
5% of contract value
Contract Series Jan, Mar, May, Jul, Sep and Nov
Trading Hours 9:00-11:30 a.m. 1:30-3:00 p.m.
Last Trading Day The seventh trading day prior to the last trading day in the contract month
Delivery Period First to last trading day of the contract month
Grade and Quality Specifications  Above 3rd grade (including 3rd grade) wheat (National standard, GB1351-2008 Wheat),And physical indicators in line with the requirements of the "Detailed Rules of Futures Delivery in Zhengzhou Commodity Exchange".
Delivery Venue Exchange-appointed delivery warehouses
Minimum Trade Margin 5% of contract value
Settlement Type Physical Delivery
Contract Symbol PM
Exchange Zhengzhou Commodity Exchange