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ZCE：China's securities regulator approves trading of peanut futures

The China Securities Regulatory Commission (CSRC) has given the green light to the trading of peanut futures, an important oil crop.

Trading of the peanut futures will be launched on the Zhengzhou Commodity Exchange starting Feb 1, according to a statement on the CSRC's official website.

Trading of the peanut futures will help provide relevant farmers and enterprises with open, consistent and transparent price signals and effective risk-management tools, and will boost the steady and sound operation of the sector, according to the statement.

The CSRC will ask the exchange to make all the necessary preparations to ensure the steady operation of the trading.

Peanut Kernel  futures contract

Product

Peanut Kernel

Trading Unit

5 metric tons/lot

Price Quotation

Chinese yuan (CNY) per metric ton

Minimum Price Fluctuation

CNY2/metric ton

Daily Price Limit

±4% of the settlement price of the previous trading day;

Refer to relevant provisions on daily price limit under the Measures for the Administration of Risk Control of Zhengzhou Commodity Exchange

Minimum Trading Margin

5% of contract value

Contract Month

January, March, April,October, November, and December

Trading Hours

Monday to Friday (except public holidays)

9:00 a.m.-11:30 a.m. 1:30 p.m.-3:00 p.m. (Beijing time)

Other trading hours stipulated by Zhengzhou Commodity Exchange

Last Trading Day

The 10 th trading day of the delivery month

Last Delivery Day

Delivery by means of registered factory receipts: the 13th trading day of the delivery month

Board delivery: the 10th day of the month following the delivery month

Grade and Quality

See the Detailed Rules for Futures Delivery of Zhengzhou Commodity Exchangefor details

Delivery Point

Delivery placesdesignatedby Zhengzhou Commodity Exchange

Delivery Method

Physical delivery

Product Code

PK

Listed Exchange

Zhengzhou Commodity Exchange


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