PRODUCT



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.