Product

Strong Gluten Wheat of High Quality (“Strong Gluten Wheat” for short)

Trading Unit

20 metric tons/lot

Price Quotation

Chinese yuan (CNY) per 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 Month

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

The 10th trading day of the delivery month

Last Delivery Day

The 20th day of the month following the delivery month

Grade and Quality

Grade 3 or higher grade wheat conforming to “National Standard of the People’s Republic of China, Wheat” (GB 1351-2008) with indicators such as test weight, stability time, wet gluten content complying with the Detailed Business Rules for Strong Gluten Wheat Futures of Zhengzhou Commodity Exchange

Delivery Point

Delivery points designated by Zhengzhou Commodity Exchange

Delivery Method

Physical delivery

Product Code

WH

Listing Exchange

Zhengzhou Commodity Exchange