|
Product |
Wire Rod |
|
Contract Size |
10 metric tons/lot |
|
Price Quotation |
Yuan (RMB)/metric ton |
|
Minimum Price Fluctuation |
1 Yuan/metric ton |
|
Range of Price Limit |
Within 5% 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: HPB300 wire rods of diameter Φ8 mm as prescribed in National Standard GB 1499.1-2024: Steel for the Reinforcement of Concrete - Part 1: Hot Rolled Plain Bars. |
|
Substitute: HPB300 wire rods of diameter Φ10 mm as prescribed in National Standard GB 1499.1-2024: Steel for the Reinforcement of Concrete - Part 1: Hot Rolled Plain Bars. |
|
|
Delivery Venue |
SHFE-designated delivery storage facilities |
|
Minimum Trade Margin |
7% of contract value |
|
Settlement Type |
Physical delivery |
|
Delivery Unit |
300 metric tons |
|
Contract Symbol |
WR |
|
Listing Exchange |
Shanghai Futures Exchange |
Notes: Amended as per SQBF〔2024〕No. 116

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