Product

Common Wheat

Trading Unit

50 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

Receipt Delivery: 13th trading day of the delivery month

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

Grade and Quality

Grade III wheat or above under National Standard of the People’s Republic of China “Wheat” (GB 1351-2008) with physical indicators complying with the Detailed Rules of Zhengzhou Commodity Exchange for Common Wheat Futures

Delivery Point

Delivery warehouses and Delivery Pricing Points designated by Zhengzhou Commodity Exchange

Delivery Method

Physical delivery

Product Code

PM

Listing Exchange

Zhengzhou Commodity Exchange