Futures in China
Bitumen Contract Specifications 2014-09-01
Product Bitumen
Contract Size 10 tons/lot
Price Quotation (RMB) Yuan/ton
Minimum Price Fluctuation 2 Yuan/ton
Daily Price Limit Within 3% up or down of the settlement price of the previous trading day
Contract Series Monthly contract of the recent 6 consecutive months and consecutive quarterly contracts within the recent 24 months
Trading Hours 9:00am to 11:30am, 1:30pm to 3:00pm (the Beijing Time) and other trading hours as prescribed by the SHFE
Last Trading Day The 15th day of the spot 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 70# Class-A road bitumen, more details on quality specifications to be found in the Bitumen Futures Delivery Rules of the Shanghai Futures Exchange (Trial)
Delivery Venue Certified Delivery Warehouse of the SHFE
Minimum Trade Margin 4% of contract value
Settlement Type Physical Delivery
Contract Symbol BU
Exchange SHFE