Product | Common Wheat |
Contract Size | 50 tons per lot |
Pricing Unit | Yuan per ton |
Tick Size | 1yuan per ton |
Daily Price Limit | Within 4% above or below the settlement price of the previous trading day; Refer to “ZCE Risk Management Rules and Practices” |
Minimum Trading Margin | 5% of contract value |
Contract Months | January, March, May, July, September, November |
Trading Hours | Monday – Friday, 9:00 am to 11:30 am, 1:30 pm to 3:00 pm (the Beijing Time) |
Last Trade Date | 10th trading day of contract month |
Last Delivery Date | Delivery by standard warrants:12th trading day of contract month Delivery on vehicle or ship board: 20th calendar day of next month |
Deliverable Grades | Grade 3 Wheat conforming to GB 1351-2008 with physical index matching requirements of ZCE Detailed Delivery Rules |
Delivery Venue | ZCE Certified Delivery Warehouses; Delivery pricing location pointed by ZCE |
Delivery Type | Physical Delivery |
Product Ticker Symbols | PM |
Listed Exchange | Zhengzhou Commodity Exchange |
