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Appendix to Standard Nickel Cathode Futures Contract of Shanghai Futures Exchange

 

I.                                    Delivery unit
The contract size of Standard Nickel Cathode Futures Contract is 1 ton per lot and the Delivery Size is 6 tons per warrant. Each delivery shall be carried out based on the integral multiple(s) of each warrant.
 
II.                                 Quality Specifications
1.Nickel Cathode used for physical delivery must comply with all specifications prescribed in the
national standard of GB/T 6516-2010 Ni9996, with the total content of the Nickel and Cobalt > 99.96%. The substitutions used for physical delivery must comply with all specifications prescribed in the national standard of GB/T 6516-2010 Ni9999, with the total content of Nickel and Cobalt >99.99%, or the international standard of ASTM B39-79(2013), with the nickel content >99.8%.
 
2.Appearance: the Nickel is delivered in the form of plate, with an average thickness > 3mm.
 
3.Each overlanded and shortlanded warrant shall not exceed + 3%, and pound weight difference
shall not exceed + 0.1%.
 
4.Each warrant of nickel cathode must consist of commodity of the same manufacturer, nameplate, registered trade mark, quality grade, shape and approximate weight per piece.
 
5.Each warrant of nickel cathode must be the registered brand approved by the Exchange and
attached with quality certificate.
 
6.The warrant must be issued by the Exchange approved warehouse for delivery after passing its
acceptance check based on applicable regulations.
 
III.                               The Exchange approved manufacturers and registered brands
Nickel cathode used for physical delivery must be of the brand registered with the Exchange. The specific registered brands as well as the premium and discount standard will be provided and announced by the Exchange.
 
IV.                               Certified Delivery Warehouse

The Exchange will designate and announce the warehouse for delivery. The premium and discount for warehouse for delivery at different locations will also be provided and announced by the Exchange.

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