Zinc standard contract

14:34, May 18, 2012    Shanghai Futures Exchange

Transaction type

zinc

Trading unit

5t/hand

Bidder

RMB/ton

minimum price change

5 yuan/ton

Maximum daily price fluctuation limit

Not more than ± 4% of the settlement price of the previous trading day

Contract Month

January December

Transaction time

9:00-11:30 a.m. 1:30-3:00 p.m

9:00 a.m. - 11:30 p.m. - 1:30 p.m; Other trading hours specified by the Exchange

 

Last Notice Day

The 15th day of the contract delivery month (postponed in case of legal holidays)

Closing Date

Five consecutive working days after the last trading day

Delivery grade

Standard: zinc ingot, in accordance with the national standard GB/T 470-2008 ZN99.995, in which the zinc content is not less than 99.995%.
Substitute: zinc ingot, complying with BS EN 1179:2003 Z1, in which the zinc content is not less than 99.995%.

delivery points

Delivery warehouse designated by the Exchange

Minimum transaction margin

5% of contract value

Transaction fees

Not more than 2/10000 of the transaction amount (including risk reserve)

Minimum delivery unit

25 tons

delivery methods

physical settlement

Transaction code

  ZN

Listed Exchange

Shanghai Futures Exchange

Note: 1. The contract text is applicable to contracts in ZN1006 and subsequent months

2. See ShangjieJiaoFaZi [2009] No.196 for details of transition period arrangement

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