Skip to main content

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


For China derivatives market access and more market information please contact sherry_ustc@163.com

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

INE: Circular on Adding the Deliverable Crude Oil for Crude Oil Futures

  In accordance with the Contract of Crude Oil Futures of Shanghai International Energy Exchange(hereinafter referred to as INE) and the Delivery Rules of Shanghai International Energy Exchange, INE hereby decides to add Murban crude oil as deliverable crude. The loading port is set to be either Fujairah Terminal or Jebel Dhanna Terminal. The grade and price differential of the newly-added deliverable crude oil are stipulated as follows:   Grade and Price Differential of the Newly-added Deliverable. Crude Oil for INE Crude Oil Futures: Country Deliverable Crude API Gravity Sulful (%) Premium or Discount (Yuan/Barrel) United Arab Emirates Murban ≥35 ≤1.5 5 Notes: 1. API gravity = (141.5 / S.G.60/ 60 °F) – 131.5; S.G.: as per ASTM D1298. 　　　 2. Sulfur content: as per ASTM D4294.   From June 1st, 2021, the Murban crude oil will be allowed to be loaded-in and be used for standard warrant issuance and futures delivery. INE will closely track and review market development in ea...
Post a Comment
Read more

A Brief Introduction to the Status of China's Commodity Futures Market

  1. Development of China's Commodity Futures Market   Since 2010, the Chinese futures market had fast expanded with the launch of financial futures and Exchange-traded options. The derivatives market has entered a stage of comprehensive development from commodity futures to financial futures, from futures to options, from exchange-listed to OTC, and from domestic-investors-only to liberalized foreign investor trading.   Currently, China’s domestically listed futures and options cover 7 categories of finance, industrial metals, precious metals, chemicals, energy, black series and agricultural products, with a total of 91 varieties, including 64 commodity futures and 20 commodity futures options. Figure 1 Commodity Futures and Options in China Source: Galaxy Futures 2.    Commodity Futures Market 2.1 Market expansion In terms of time, China's commodity futures market has continued to expand steadily, and trading volume, open interest and trading v...
Post a Comment
Read more

China CSRC Solicits Comments on Draft Trading Server Colocation Rules

  On April 21, 2023, the China Securities Regulatory Commission (“CSRC”) issued the  Administrative Provisions on Trading Server Colocation for the Securities and Futures Markets (Consultation Paper)  (the “Administrative Provisions”). The Administrative Provisions fill a legal gap with respect to securities and futures trading server colocation. It has been common market practice for securities or futures companies to lease cabinets in an exchange or its subsidiary’ data center and sublease it to customers to host their servers, although neither the CSRC nor exchanges have formulated specific regulatory rules on server colocation. The Administrative Provisions are the only administrative departmental rules that directly regulate colocation activities. The promulgation of the Administrative Provisions improves regulations regarding market infrastructures and is conducive to the safe and stable operation of the securities and futures markets. The high-level legal foundatio...
Post a Comment
Read more