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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
Product Symbol
BC
Listing Exchange
Shanghai International Energy Exchange (INE)



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