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HOT ROLLED COILS
Hot-rolled coils are made from steel billets that are first heated in a furnace and then fed through roughing mills and finishing mills into wide strips. Hot-rolled coils have outstanding strength and toughness and are readily processed and welded. They are widely used in the production of cold-rolled substrates, shipbuilding, and automotive manufacturing.

Hot Rolled Coils Futures Contract

Hot-rolled coils are broadly classified into medium-thick wide strips, hot-rolled thin wide strips, and hot-rolled sheets. Out of the three, medium-thick wide strip is the most representative and accounts for two-thirds of the total production. It is also the underlying of the hot-rolled coil futures listed on SHFE.

Business Data

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Trading Day:2025-04-03 Update:2025-04-03 05:21:10
Contract Code Listing Date Expiration Date First Delivery Day Last Delivery Day Benchmark Price
hc2504 20240416 20250415 20250416 20250417 3775
hc2505 20240516 20250515 20250516 20250519 3811
hc2506 20240618 20250616 20250617 20250618 3801
hc2507 20240716 20250715 20250716 20250717 3782
hc2508 20240816 20250815 20250818 20250819 3332
hc2509 20240919 20250915 20250916 20250917 3294
hc2510 20241016 20251015 20251016 20251017 3613
hc2511 20241118 20251117 20251118 20251119 3551
hc2512 20241217 20251215 20251216 20251217 3519
hc2601 20250116 20260115 20260116 20260119 3446
hc2602 20250218 20260216 20260218 20260219 3461
hc2603 20250318 20260316 20260317 20260318 3466
Trading Day:2025-04-03 Update:2025-04-03 05:21:20
Code Margin Rate
Limit Up(%) Limit Down(%)
Long Speculation(%) Short Speculation(%) Long Hedging(%) Short Hedging(%)
hc2504 15 15 15 15 5 5
hc2505 10 10 10 10 5 5
hc2506 7 7 6 6 5 5
hc2507 7 7 6 6 5 5
hc2508 7 7 6 6 5 5
hc2509 7 7 6 6 5 5
hc2510 7 7 6 6 5 5
hc2511 7 7 6 6 5 5
hc2512 7 7 6 6 5 5
hc2601 7 7 6 6 5 5
hc2602 7 7 6 6 5 5
hc2603 7 7 6 6 5 5
Note:
  1.The transaction fee for closing out the position opened on the same day=the haircut rate for closing out the position opened on the same day * transaction fee, which is waived then the value is zero.
  2.Transaction fee for Hot Rolled Coils futures shall refer to the rate of transaction fee.
Trading Day:2025-04-03 Update:2025-04-03 05:21:40
Code Settle Transaction Fee
for
Speculation
(‰)
Transaction Fee
for
Hedging
(‰)
Transaction Fee
for
Speculation
(RMB/Lot)
Transaction Fee
for
Hedging
(RMB/Lot)
Delivery Fee
(RMB/ton)
Margin Rate Discount Rate
for Closing-out
Today’s Position (%)
Long
Speculation
(%)
Short
Speculation
(%)
Long
Hedging
(%)
Short
Hedging
(%)
hc2504 3357 0.100 0.050 0.00 0.00 0 15 15 15 15 100
hc2505 3358 0.100 0.050 0.00 0.00 0 10 10 10 10 100
hc2506 3352 0.100 0.050 0.00 0.00 0 7 7 6 6 100
hc2507 3357 0.020 0.010 0.00 0.00 0 7 7 6 6 100
hc2508 3376 0.020 0.010 0.00 0.00 0 7 7 6 6 100
hc2509 3385 0.020 0.010 0.00 0.00 0 7 7 6 6 100
hc2510 3388 0.100 0.050 0.00 0.00 0 7 7 6 6 100
hc2511 3398 0.020 0.010 0.00 0.00 0 7 7 6 6 100
hc2512 3413 0.020 0.010 0.00 0.00 0 7 7 6 6 100
hc2601 3417 0.100 0.050 0.00 0.00 0 7 7 6 6 100
hc2602 3410 0.020 0.010 0.00 0.00 0 7 7 6 6 100
hc2603 3413 0.020 0.010 0.00 0.00 0 7 7 6 6 100
Trading Day:2025-04-03Update:2025-04-03 05:02:32
Code Delivery and Settlement Price Delivery Margin
Rate(%)
Physical Delivery
Unit Price(RMB/ton)
First Delivery Day Last Delivery Day
Tax-paid Bonded
hc2504 20 0 20250416 20250417
hc2505 20 0 20250516 20250519
hc2506 20 0 20250617 20250618
hc2507 20 0 20250716 20250717
hc2508 20 0 20250818 20250819
hc2509 20 0 20250916 20250917
hc2510 20 0 20251016 20251017
hc2511 20 0 20251118 20251119
hc2512 20 0 20251216 20251217
hc2601 20 0 20260116 20260119
hc2602 20 0 20260218 20260219
hc2603 20 0 20260317 20260318
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Delayed Market Data

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Contract Last Chg Open Interest Volume Tas Volume Turnover Bid-Ask Pre-clear Open Low High Chart
{{item.contractname}} {{item.lastprice | toFixedNum(decimal_number)}} {{item.upperdown | toFixedNum(decimal_number)}} {{item.openinterest}} {{item.volume}} {{tas_obj[item.contractname]==null||tas_obj[item.contractname]==""?"--":tas_obj[item.contractname]}} {{item.turnover | toFixedNum(turnover_decimal_number)}} {{item.bidprice | toFixedNum(decimal_number)}}/{{item.askprice | toFixedNum(decimal_number)}} {{item.presettlementprice | toFixedNum(decimal_number)}} {{item.openprice | toFixedNum(decimal_number)}} {{item.lowerprice | toFixedNum(decimal_number)}} {{item.highprice | toFixedNum(decimal_number)}}
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Statistics Data

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  • Daily Express
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  • Daily Warrant
  • Settlement PRA.
SHFE Futures Contracts Quotation

Date:2025-04-03


Note:
1. Quoted Price: RMB yuan/ton for Hot Rolled Coils.
2. Unit Price: 10 tons/lot for Hot Rolled Coils.
3. The unit of trading volume, open interest and change of positions is lot, which is counted as one-sided. The unit of turnover is RMB 10,000, which is counted as one-sided.
4. price change 1=closing price-settlement price of previous day ; price change 2=settlement price - settlement price of previous day.
5. Futures trading volume and turnover including that of self-trades.
6.Before the settlement of the contract, its volume or turnover does not include that from TAS; After the settlement of the contract has finished, the TAS volume or turnover will be counted into the volume or turnover of the contract.
Delivery month
{{item.DELIVERYMONTH | translation}}
Delivery monthPre settleOpenHigh LowCloseSettlech1ch2 TAS Volume Volume Turnover O.I & Change
Delivery monthPre settleOpenHigh LowCloseSettlech1ch2 TAS Volume Volume Turnover O.I & Change
{{item.DELIVERYMONTH | translation}} {{item.PRESETTLEMENTPRICE | toFixedNum1}} {{item.OPENPRICE | toFixedNum1}} {{item.HIGHESTPRICE | toFixedNum1}} {{item.LOWESTPRICE | toFixedNum1}} {{item.CLOSEPRICE | toFixedNum1}} {{item.SETTLEMENTPRICE | toFixedNum1}} {{item.ZD1_CHG | toFixedNum1 }} {{item.ZD2_CHG | toFixedNum1 }} {{item.TASVOLUME }} {{item.VOLUME}} {{item.TURNOVER | toFixedNum(2)}} {{item.OPENINTEREST }} {{item.OPENINTERESTCHG}}
SHFE Futures Contracts Quotation

Date:2025-04-03


Note:
1. Quoted Price: RMB yuan/ton for Hot Rolled Coils.
2. Unit Price: 10 tons/lot for Hot Rolled Coils.
3. The unit of trading volume, open interest and change of positions is lot, which is counted as one-sided. The unit of turnover is RMB 10,000, which is counted as one-sided.
4. price change 1=closing price-settlement price of previous day ; price change 2=settlement price - settlement price of previous day.
5. Futures trading volume and turnover including that of self-trades.
6.Before the settlement of the contract, its volume or turnover does not include that from TAS; After the settlement of the contract has finished, the TAS volume or turnover will be counted into the volume or turnover of the contract.
Delivery month Pre settle Open High Low Close Settle ch1 ch2 TAS Volume Volume Turnover O.I & Change
{{item.DELIVERYMONTH | translation}} {{item.PRESETTLEMENTPRICE | toFixedNum1}} {{item.OPENPRICE | toFixedNum1}} {{item.HIGHESTPRICE | toFixedNum1}} {{item.LOWESTPRICE | toFixedNum1}} {{item.CLOSEPRICE | toFixedNum1}} {{item.SETTLEMENTPRICE | toFixedNum1}} {{item.ZD1_CHG | toFixedNum1 }} {{item.ZD2_CHG | toFixedNum1 }} {{item.TASVOLUME }} {{item.VOLUME}} {{item.TURNOVER | toFixedNum(2)}} {{item.OPENINTEREST }} {{item.OPENINTERESTCHG}}
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