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Copper Cathode Contract Specifications



Copper Cathode

Contract Size

5 metric tons/lot

Price Quotation

Yuan (RMB)/metric ton

Minimum Price Fluctuation

10 Yuan/metric ton

Range of Price Limit

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

Listed Contracts

Monthly contract for the most recent 12 months

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 another month specially designated by the Exchange.)

Delivery Period

Three consecutive business days after the last trading day

Grade and Quality Specifications

Standard: #1 Standard copper (Cu-CATH-2) as prescribed in the National Standard GB/T 467-2010, with total copper and silver content not less than 99.95%.

Substitute: Grade A copper (Cu-CATH-1) as prescribed in National Standard GB/T 467-2010; or Grade A copper (Cu-CATH-1) as prescribed in BS EN 1978:1998.

Delivery Venue

SHFE-designated delivery storage facilities

Minimum Trade Margin

5% of contract value

Settlement Type

Physical delivery

Delivery Unit

25 metric tons

Contract Symbol


Listing Exchange

Shanghai Futures Exchange

Notes: Amended as per SQBF2020No. 134