Rapeseed Meal Futures Contract Specs
Product | Rapeseed Meal |
Trading Unit | 10 metric tons/lot |
Price Quotation | Chinese yuan (CNY)/metric ton |
Minimum Price Fluctuation | CNY1/metric ton |
Daily Price Limit | ±4% of the settlement price of the previous trading day; Refer to relevant provisions on daily price limit under the Measures for the Administration of Risk Control of Zhengzhou Commodity Exchange |
Minimum Trading Margin | 5% of contract value |
Contract Months | January, March, May, July, August, September, November |
Trading Hours | Monday to Friday (except public holidays) 9:00 a.m.-11:30 a.m. 1:30 p.m.-3:00 p.m. (Beijing time) Other trading hours stipulated by Zhengzhou Commodity Exchange |
Last Trading Day | The 10th trading day of the delivery month |
Last Delivery Day | The 13th trading day of the delivery month |
Grade and Quality | See the Detailed Rules for Futures Delivery of Zhengzhou Commodity Exchange for details |
Delivery Point | Designated delivery points of Zhengzhou Commodity Exchange |
Delivery Method | Physical Delivery |
Product Code | RM |
Listed Exchange | Zhengzhou Commodity Exchange |