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Petroleum asphalt futures contract

11:20, November 11, 2013 Sina Finance

Transaction type	Petroleum asphalt
Trading unit	10 tons/hand
Bidder	RMB/ton
minimum price change	2 yuan/ton
Maximum daily price fluctuation limit	Not more than ± 3% of the settlement price of the previous trading day
Contract Month	Within 24 months, of which the most recent 1-6 months are consecutive monthly contracts, and after 6 months are quarterly contracts.
Transaction time	9:00 am - 11:30 pm 1:30 - 3:00 pm, and 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	No. 70 Grade A road petroleum asphalt, see the Implementation Rules of Shanghai Futures Exchange for Petroleum Asphalt Futures Delivery (Trial) for details.
delivery points	Delivery place designated by the Exchange
Minimum transaction margin	4% of contract value
delivery methods	physical settlement
Transaction code	BU
Listed Exchange	Shanghai Futures Exchange

label: petroleum asphalt futures

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