INE:Bonded Copper Contract Specifications

Product	Copper Cathode
Contract Size	5 metric tons (MT)/lot
Price Quotation	Yuan (RMB) /MT (exclusive of tax and customs duty)
Minimum Price Fluctuation	10 Yuan/metric ton
Daily Price Limit	Within ±3% of the settlement price of the preceding trading day
Listed Contracts	January, February, March, April, May, June, July, August, September, October, November, and December
Trading Hours	9:00–11:30 a.m., 1:30–3:00 p.m., and other trading hours prescribed by Shanghai International Energy Exchange (INE)
Last Trading Day	The fifteenth day of the delivery month (postponed accordingly if it is a national holiday or weekend. INE reserves the right to adjust the last trading day based on national holidays and weekends.)
Delivery Period	Five consecutive trading days after the last trading day
Grades and Quality Specifications	Copper cathodes meeting the standards for Grade A copper (Cu-CATH-1) under GB/T 467-2010 or Cu-CATH-1 under BS EN 1978:1998.
Delivery Venue	Delivery venue designated by INE
Minimum Trading Margin	5% of contract value
Settlement Type	Physical delivery
Product Symbol	BC
Listing Exchange	Shanghai International Energy Exchange (INE)

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