Contract

Home » Products » Nickel » Contract » content

SHFE Standard Nickel Cathode Contract Specifications

 

Standard Nickel Cathode Contract Specifications

 
Product
Nickel
Contract Size
1 ton/lot
Price Quotation
 (RMB) Yuan/ton
Minimum Price Fluctuation
10 Yuan/ton
Daily Price Limit
Within 4% 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
9:00a.m. – 11:30a.m., 1:30p.m. – 3:00p.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: nickel cathode as prescribed in the National Standard of GB/T 6516-2010 Ni9996, with the total content of nickel and cobalt > 99.96%.
Substitutions: nickel cathode as prescribed in the National Standard of GB/T 6516-2010 Ni9996, with the total content of nickel and cobalt > 99.99%, or as prescribed in ASTM B39-79(2013), with the content of nickel > 99.8%.
Delivery Venue
SHFE Certified Delivery Warehouse
Minimum Trade Margin
5% of contract value
Minimum Warranted Delivery Size
6 tons
Settlement Type
Physical Delivery
Contract Symbol
NI
Exchange
SHFE
 
Attachment