Product

Common Wheat

Trading Unit

50 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, 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)

Last Trading Day

The 10th trading day of the delivery month

Last Delivery Day

Delivery by registered receipts: The 13th trading day of the delivery month

Board delivery: The 20th day of the month following the delivery month

Grade and Quality

Grade 3 or higher grade wheat conforming to the specifications prescribed in the National Standard of the People’s Republic of China, Wheat (GB 1351-2008) with physical indicators complying with the Detailed Rules for Futures Delivery of Zhengzhou Commodity Exchange

Delivery Point

Designated delivery warehouses and delivery valuation points of Zhengzhou Commodity Exchange

Delivery Method

Physical Delivery

Product Code

PM

Listed Exchange

Zhengzhou Commodity Exchange