Updated on Mar 30,2023
Product |
Nickel |
Contract Size |
1 metric tons/lot |
Price Quotation |
Yuan (RMB)/metric ton |
Minimum Price Fluctuation |
10 Yuan/metric ton |
Range of Price Limit |
Within 4% of the settlement price of the preceding trading day |
Listed Contracts |
Monthly contract for the most recent 12 months |
Trading Hours |
9:00 a.m. to 11:30 a.m., 1:30 p.m. to 3:00 p.m., and other hours specified by the Exchange (Beijing Time) |
Last Trading Day |
15th day of the contract month (postponed accordingly if it is a legal holiday in China and subject to separate adjustment and announcement by the Exchange if it falls in the Spring Festival month or another month specially designated by the Exchange.) |
Delivery Period |
Two consecutive business days after the last trading day |
Grade and Quality Specifications |
Standard: Ni9996 electrolytic nickel as prescribed in National Standard GB/T 6516-2010, with total nickel and cobalt content not less than 99.96%. |
Substitute: Ni9999 electrolytic nickel as prescribed in National Standard GB/T 6516-2010, with total nickel and cobalt content not less than 99.99%; or nickel conforming to ASTM B39-79 (2013), with nickel content not less than 99.8%. |
|
Delivery Venue |
SHFE-designated delivery storage facilities |
Minimum Trade Margin |
5% of contract value |
Settlement Type |
Physical delivery |
Delivery Unit |
6 metric tons |
Contract Symbol |
NI |
Listing Exchange |
Shanghai Futures Exchange |
Notes: Amended as per SQBF〔2023〕No. 2