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Copper Cathode Contract Specifications

 

Product
Copper cathode
Contract Size
5 tons/lot
Price Quotation
(RMB) Yuan/ton
Minimum Price Fluctuation
10 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 from January to December
Trading hours
9:00 a.m.11:30 a.m., 1:30 p.m.3:00 p.m., and other trading hours as prescribed by SHFE
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
5 consecutive business days after the last trading day
Grade and Quality Specifications
Standard products: 1# Standard Copper Cathode (Cu-CATH-2) as prescribed in the National Standard of GB/T467-2010, with Copper+Silver≥99.95%. Substitutions: Grade-A Copper (Cu-CATH-1) as prescribed in the National Standard of GB/T467-2010; or Grade-A Copper (Cu-CATH-1) as prescribed in BS EN 1978:1998
Delivery Venue
SHFE Certified Delivery Warehouse
Minimum Trade Margin
5% of contract value
Transaction Fee
Equal or below 0.02 % of transaction value (Risk reserve included
Settlement Type
Physical Delivery
Contract Symbol
CU
Exchange
SHFE

  Notes: Amended as per SQBF2013No. 175

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