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Transaction type
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lead
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Trading unit
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twenty-five ton / hand
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Bidder
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RMB / ton
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minimum price change
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five element / ton
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Maximum daily price
Fluctuation limit
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Not exceeding the settlement price of the previous trading day ±5%
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Contract Month
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one ～ twelve month
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Transaction time
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morning 9:00 ～ 11:30 afternoon 1:30 ～ 3:00
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Last Notice Day
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Of the contract delivery month fifteen Day (postponed in case of legal holidays)
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Closing Date
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Five consecutive working days after the last trading day
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Delivery grade
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Standard: lead ingot, in line with national standard GB/T 469-2005 Pb99.994 It is specified that the lead content shall not be less than 99.994% 。
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delivery points
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Delivery warehouse designated by the Exchange
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Minimum transaction margin
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Contractual value 8%
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Minimum delivery unit
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twenty-five ton
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delivery methods
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physical settlement
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Transaction code
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PB
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Listed Exchange
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Shanghai Futures Exchange
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Shanghai Futures Exchange Lead Futures Standard Contract Annex
1、 Delivery unit
The trading unit of the lead standard contract is 25 tons per hand, and the delivery unit is 25 tons per warehouse receipt. The delivery must be an integral multiple of each warehouse receipt.
2、 Quality regulations
1. The lead ingots used for physical delivery of this contract must comply with the national standard GB/T469-2005 Pb99.994, in which the lead content is not less than 99.994%.
2. Appearance and block weight. The delivered lead shall be ingots, and the weight of each ingot of domestic lead shall be 48kg ± 3kg, 42kg ± 2kg, 40kg ± 2kg, 24kg ± 1kg.
3. The excess or shortage of each warehouse receipt shall not exceed ± 2%, and the pound difference shall not exceed ± 0.1%.
4. The lead ingots of each delivery unit must be composed of commodities produced by the same manufacturer, of the same brand, of the same registered trademark, of the same quality grade, of the same block shape, and of the same package quantity (similar bundle weight).
5. The lead ingot in each warehouse receipt must be a registered brand approved by the Exchange and must be accompanied by a quality certificate.
6. The warehouse receipt shall be issued by the delivery warehouse designated by the Exchange after being accepted as qualified as required.
3、 Production enterprises and registered brands recognized by the Exchange
Lead ingots used for physical delivery must be the brand registered by the Exchange. The specific registered brands and premium and discount standards shall be separately stipulated and announced by the Exchange.
4、 Designated delivery warehouse
It shall be designated by the Exchange and announced separately, and the standard of premium and discount for non local delivery warehouses shall be specified and announced by the Exchange.
