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.

Standard iron ore futures contract of DEC