Product
Iron ore
Trading Unit
100MT/Contract
Price Quote
CNY/MT
Tick Size
Tick Size
Daily Price Limit
4% of last settlement price
4% of last settlement price
Contract Months
Trading Hours
9:00 - 11:30 am, 13:30 - 15:00 pm Beijing Time, Monday - Friday, with extended hours trading session from 21:00 to 23:30 pm, and other trading hours announced by DCE
Last Trading Day
10th trading day of the delivery month
Last Delivery Day
3rd trading day after the last trading day
Deliverable Grades
In accordance with DCE Iron Ore Delivery Quality Standard
Delivery Location
The warehouses and delivery locations designated by DCE
Minimum Trading Margin
5% of the contract value
Delivery Form
Physical delivery
Exchange
Dalian Commodity Exchange
Par grade product quality requirements (Effective from I1809 contract)
Target
Quality Standard
Iron (Fe)
=62.0%
Silicon dioxide (SiO2)
≤4.0%
Aluminum oxide (Al2O3)
≤2.5%
Phosphorus (P)
≤0.07%
Sulfur (S)
≤0.03%
Trace elements
Lead (Pb) ≤0.02%
Zinc (Zn) ≤0.02%
Copper (Cu) ≤0.20%
Arsenic (As) ≤0.02%
Titanium dioxide (TiO2) ≤0.80%
Chlorine + Fluorine ≤0.20%
Potassium oxide (K2O) + Sodium oxide (Na2O) ≤0.30%
Grain size
Not more than 20% are broader than 6.3 mm and not more than 35% are finer than 0.15 mm
On December 12, 2014, China Securities Regulatory Commission (CSRC) officially approved Shanghai Futures Exchange to carry out crude oil futures transactions in Shanghai International Energy Exchange subordinate to it. Currently, initial public opening for its crude oil futures is carried forward with steady steps.
The first product which Shanghai International Energy Exchange plans to roll out is Medium & Sour Crude Oil, yield of which accounts for 45% of the world’s total. Valued by RMB, the product is expected to be the first futures in China to open to overseas customers in transactions.
Product
Iron ore
Trading Unit
100MT/Contract
Price Quote
CNY/MT
Tick Size
Tick Size
Daily Price Limit
4% of last settlement price
4% of last settlement price
Contract Months
Trading Hours
9:00 - 11:30 am, 13:30 - 15:00 pm Beijing Time, Monday - Friday, with extended hours trading session from 21:00 to 23:30 pm, and other trading hours announced by DCE
Last Trading Day
10th trading day of the delivery month
Last Delivery Day
3rd trading day after the last trading day
Deliverable Grades
In accordance with DCE Iron Ore Delivery Quality Standard
Delivery Location
The warehouses and delivery locations designated by DCE
Minimum Trading Margin
5% of the contract value
Delivery Form
Physical delivery
Exchange
Dalian Commodity Exchange
Target
Quality Standard
Iron (Fe)
=62.0%
Silicon dioxide (SiO2)
≤4.0%
Aluminum oxide (Al2O3)
≤2.5%
Phosphorus (P)
≤0.07%
Sulfur (S)
≤0.03%
Trace elements
Lead (Pb) ≤0.02%
Zinc (Zn) ≤0.02%
Copper (Cu) ≤0.20%
Arsenic (As) ≤0.02%
Titanium dioxide (TiO2) ≤0.80%
Chlorine + Fluorine ≤0.20%
Potassium oxide (K2O) + Sodium oxide (Na2O) ≤0.30%
Grain size
Not more than 20% are broader than 6.3 mm and not more than 35% are finer than 0.15 mm