Futures in China
Wire Rod Contract Specifications 2014-09-01
Product Wire Rod
Contract Size   10 ton/lot
Price Quotation Yuan (RMB)/ton
Minimum Price Fluctuation 1 Yuan/ton
Daily Price Limit Within 5% above and below the settlement price of the previous business day
Contract Serials Monthly contract of recent 12 months from January to December
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 five consecutive business days after the last trading day
Grade and Quality Specifications Standard Products: As specified in Steel for the reinforcement of concrete Part 1: Hot-rolled plain bars, GB1499.1-2008, with a designation of HPB235 with a diameter of 8mm.
Substitutes Products: As specified in Steel for reinforcement of concrete Part 1: Hot-rolled plain bars, B1499.1-2008,  with a designation of HPB235 with a diameter of 6.5mm.
Delivery Venue SHFE Certified Delivery Warehouse
Minimum Trade Margin 7% of contract value
Transaction Fee Equal or below 0.02% of transaction value (risk reserve included)
Minimum Warranted Delivery
Size
300 tons
Settlement Type Physical Delivery
Contract Symbol WR
Exchange SHFE