Transaction type |
Rapeseed meal (referred to as "rapeseed meal")
|
Trading unit |
10 tons/hand |
Bidder |
RMB/ton |
minimum price change |
1 yuan/ton |
Maximum daily price fluctuation |
Not more than ± 4% of the settlement price of the previous trading day |
Contract Month |
1. March, May, July, August, September and November
|
Transaction time |
9:00-11:30 am 1:30-3:00 pm |
Last Notice Day |
The 10th trading day of the contract delivery month |
Last delivery date |
The 12th trading day of the contract delivery month
|
Delivery grade |
see Detailed Rules for Futures Delivery of Zheng Merchants Exchange
|
delivery points |
Delivery warehouse designated by the Exchange
|
Minimum transaction margin |
5% of contract value |
delivery methods |
physical settlement |
Transaction code |
RM
|
Listed Exchange |
Zhengzhou Commodity Exchange
|