Futures in China
Steel Rebar Contract Specifications 2014-09-01
Product Steel Rebar
Contract Size 10 tons/lot
Price Quotation (RMB) Yuan/ton
Minimum Price Fluctuation 1 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: As specified in Steel for Reinforcement of Concrete–Part 2: Hot-rolled Ribbed Bar, GB1499.2-2007, with designation of HRB400 or HRBF400 with a diameter of 16mm, 18mm, 20mm, 22mm, 25mm.
Substitute Products: As specified in Steel for Reinforcement of Concrete– Part 2: Hot-rolled Ribbed Bar, GB1499.2-2007, with designation of HRB335 or HRBF335 with a diameter of 16mm, 18mm, 20mm, 22mm, 25mm.
Delivery Venue SHFE Certified Delivery Warehouse
Minimum Trade Margin 5% of contract value
Minimum Warranted Delivery Size 300 tons
Settlement Type Physical Delivery
Contract Symbol RB
Exchange SHFE