Product

Early Long-Grain Nonglutinous Paddy

Trading Unit

20 metric tons/lot

Price Quotation

Chinese yuan (RMB) per metric ton

Minimum Price Fluctuation

RMB 1 yuan/metric ton

Price Limit

±4% of the settlement price of the previous trading day and further subject to the price limit provisions of the Risk Control Rules of Zhengzhou Commodity Exchange

Minimum Trading Margin

5% of contract value

Delivery Months

January, March, May, July, September, and November

Trading Hours

9:00-11:30 and 13:30-15:00(Beijing time) and other trading hours prescribed by Zhengzhou Commodity Exchange

Last Trading Day

10th trading day of the delivery month

Last Delivery Day

13th trading day of the delivery month

Grade and Quality

Benchmark deliverable: Early long-grain nonglutinous paddy of Grade III or above under National Standard of the People’s Republic of China “Paddy” (GB 1350-2009), with quality indicators conforming to the Detailed Rules of Zhengzhou Commodity Exchange for Early Long-Grain Nonglutinous Paddy Futures.

Substitute deliverables and premiums and discounts: See the Detailed Rules of Zhengzhou Commodity Exchange for Early Long-Grain Nonglutinous Paddy Futures

Delivery Point

Delivery warehouses designated by Zhengzhou Commodity Exchange

Delivery Method

Physical Delivery

Product Code

RI

Listing Exchange

Zhengzhou Commodity Exchange