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Bleached Softwood Kraft Pulp Futures Contract Specifications (Revised)

 

Product
Bleached Softwood Kraft Pulp
Contract Size
10 metric tons/lot
Price Quotation
Yuan (RMB)/metric ton
Minimum Price Fluctuation
2 Yuan/metric ton
Daily 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 any other month specially designated by the Exchange)
Delivery Period
Three consecutive business days after the last trading day
Grade and Quality Specifications
Bleached softwood kraft pulp, refer to Appendix for detailed quality standards
Delivery Venue
Delivery warehouses designated by the Exchange
Minimum Trading Margin
4% of the contract value
Settlement Type
Physical delivery
Delivery Unit
20 metric tons
Contract Symbol
SP
Listing Exchange
Shanghai Futures Exchange