Home » Products » Stainless Steel » Contract » Text

SHFE Stainless Steel Futures Contract Specifications

 

Product

Stainless Steel

Contract Size

5 metric tons (MT)/lot

Price Quotation

Yuan (RMB) /MT

Minimum Price Fluctuation

Five (5) Yuan /MT

Daily Price Limit

Within ±4% of the settlement price of the preceding trading day

Listed Contracts

Monthly contract of 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 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

Standard products: 304 austenitic cold-rolled stainless steel coils, with a thickness of 2.0mm, a width of 1219mm, 2B finish, and sheared edge.

Substitutions: cold-rolled stainless steel coils optionally with a thickness of 0.5 mm, 0.6 mm, 0.7 mm, 0.8 mm, 0.9 mm, 1.0 mm, 1.2 mm, 1.5 mm, or 3.0 mm, a width of 1000mm or 1500mm, and raw edge (premiums and discounts in terms of thickness and edge will be prescribed and announced by the Exchange).

Quality: meeting the standards for 06Cr19Ni10 required in the GB/T3280-2015 Cold- Rolled Stainless Steel Plate, Sheet and Strip or those for SUS304 set forth in the JIS G 4305:2012 Cold-Rolled Stainless Steel Plate, Sheet and Strip.

Delivery Venue

SHFE-certified delivery warehouses

Minimum Trade Margin

5% of the contract value

Settlement Type

Physical delivery

Delivery Unit

60 metric tons

Contract Symbol

SS

Listing Exchange

Shanghai Futures Exchange

Notes: Amended as per SQBF2020No. 134