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SHFE Steel Rebar Futures Contract Specifications



Steel Rebar

Contract Size

10 metric tons/lot

Price Quotation

Yuan (RMB)/metric ton

Minimum Price Fluctuation

1 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: HRB400E steel rebars of diameter Φ16 mm, Φ18 mm, Φ20 mm, Φ22 mm, or Φ25 mm as prescribed in National Standard GB/T 1499.2-2018: Steel for the Reinforcement of Concrete - Part 2: Hot Rolled Ribbed Bars.

Delivery Venue

SHFE-designated delivery storage facilities

Minimum Trade Margin

5% of contract value

Settlement Type

Physical delivery

Delivery Unit

300 metric tons

Contract Symbol


Listing Exchange

Shanghai Futures Exchange

Notes: Amended as per SQBF2021No. 90