Reporter Gao Guohua

In order to widely listen to the market opinions and suggestions, further improve the contract and business rules related to hot rolled coil futures, ensure the scientific and reasonable design of contract rules and better serve the real economy after listing, Shanghai Futures Exchange issued an announcement on January 26, soliciting opinions and suggestions from all parties in the market on the contents of hot rolled coil futures contracts and related rules.

The contents of the public solicitation of market opinions and suggestions by the Shanghai Futures Exchange include the Standard Contract for Hot Rolled Coil Futures of the Shanghai Futures Exchange, the Amendment to the Risk Control Management Measures of the Shanghai Futures Exchange, the Amendment to the Delivery Rules of the Shanghai Futures Exchange, and other drafts for soliciting opinions. The deadline for soliciting opinions is February 11.

According to the draft of the contract content and business rules amendment published in the last issue, the trading unit of the hot-rolled coil futures contract is 10 tons per hand, the minimum price change is 2 yuan per ton, the limit of contract price rise and fall is 3% of the settlement price of the previous trading day, the minimum trading margin is 4% of the contract value, and the contract trading month is from January to December, The last trading day is the 15th day of the delivery month (postponed in case of legal holidays), and the delivery date is five consecutive working days after the last trading day. The delivery method is physical delivery, and the transaction code is HC. The maximum number of orders placed each time for futures contract trading orders of hot rolled coil is 500, and the delivery unit is 300 tons per warehouse receipt.