Futures in China
Copper Cathode Contract Specifications 2014-09-01
Product Copper cathode
Contract Size 5 tons/lot
Price Quotation (RMB) Yuan/ton
Minimum Price Fluctuation 10 Yuan/ton
Daily Price Limit Within 3% above or below the settlement price of the previous trading day
Contract Series Monthly contract of the recent 12 months
Trading Hours 9:00 a.m. to 11:30 a.m., 1:30 p.m. to 3:00 p.m. (the Beijing Time)
Last Trading Day The 15th day of the delivery 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 Standard products: 1# Standard Copper Cathode (Cu-CATH-2) as prescribed in the National Standard of GB/T467-2010, with Copper+Silver≥99.95%. Substitutions: Grade-A Copper (Cu-CATH-1) as prescribed in the National Standard of GB/T467-2010; or Grade-A Copper (Cu-CATH-1) as prescribed in BS EN 1978:1998
Delivery Venue SHFE Certified Delivery Warehouse
Minimum Trade Margin 5% of contract value
Transaction Fee Equal or below 0.02 % of transaction value (Risk reserve included)
Settlement Type Physical Delivery
Contract Symbol CU
Exchange SHFE