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SHFE Bitumen Futures Contract Specifications (Revised)

Product

Bitumen

Contract Size

10 metric tons/lot

Price Quotation

Yuan (RMB)/metric ton

Minimum Price Fluctuation

1 Yuan/metric ton

Daily Price Limit

Within ±3% of the settlement price of the preceding trading day

Listed Contracts

Monthly contract for the most recent 12 consecutive months and the 4 quarterly contracts thereafter

Trading Hours

9:00 a.m. to 11:30 a.m., 1:30 p.m. to 3:00 p.m., and other hours specified by the Exchange (Beijing Time)

Last Trading Day

15th day of the contract month (postponed accordingly if it is a legal holiday in China and subject to separate adjustment and announcement by the Exchange if it falls in the Spring Festival month or any other month specially designated by the Exchange)

Delivery Period

Three consecutive business days after the last trading day

Grade and Quality Specifications

#70 Grade-A road bitumen as detailed in the Bitumen Futures Delivery Rules of the Shanghai Futures Exchange (Trial)

Delivery Venue

Delivery venues designated by the Exchange

Minimum Trading Margin

4% of the contract value

Settlement Type

Physical delivery

Delivery Unit

10 metric tons

Contract Symbol

BU

Listing Exchange

Shanghai Futures Exchange

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