|
Product |
Hot-Rolled Coil |
|
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 |
Two consecutive business days after the last trading day |
|
Grade and Quality Specifications |
Standard: Q235B hot-rolled coils as prescribed in GB/T 3274-2017: Hot-Rolled Plates and Strips of Carbon Structural Steel and Low-alloy Structural Steel, or SS400 hot-rolled coils as prescribed in JIS G 3101-2015: Rolled Steel for General Structures, both with a thickness of 5.75 mm and a width of 1,500 mm. |
|
Substitute: Q235B hot-rolled coils as prescribed in GB/T 3274-2017: Hot-Rolled Plates and Strips of Carbon Structural Steel and Low-alloy Structural Steel, or SS400 hot-rolled coils as prescribed in JIS G 3101-2015: Rolled Steel for General Structures, both with a thickness of 9.75 mm, 9.5 mm, 7.75 mm, 7.5 mm, 5.50 mm, 4.75 mm, 4.50 mm, 3.75 mm, or 3.50 mm and a width of 1,500 mm. |
|
|
Delivery Venue |
SHFE-designated delivery storage facilities |
|
Minimum Trade Margin |
4% of contract value |
|
Settlement Type |
Physical delivery |
|
Delivery Unit |
300 metric tons |
|
Contract Symbol |
HC |
|
Listing Exchange |
Shanghai Futures Exchange |
Notes: Amended as per SQBF〔2023〕No. 2

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