Zhengzhou Commodity Exchange

Wheat WH

Wheat is a general term for plants in the genus Triticum, a widely cultivated cereal crop around the world. High-quality strong gluten wheat is characterized by high gluten content, strong gluten strength, and excellent quality, making it suitable for specific processing purposes.

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

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

Product	Cotton
Trading Unit	5 metric tons/lot (conditioned weight)
Price Quotation	Chinese yuan (RMB) per metric ton
Minimum Price Fluctuation	RMB 5 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: Grade 3128B domestic cotton under the National Standard of the People’s Republic of China “Cotton Chapter 1: Saw Ginned Upland Cotton” (GB1103.1-2012) with U3 length uniformity, S3 strength, and P2 preparation Substitute deliverables: See the Detailed Rules of Zhengzhou Commodity Exchange for Cotton Futures Premiums and discounts for substitute deliverables will be separately established and announced by Zhengzhou Commodity Exchange
Delivery Point	Delivery warehouses designated by Zhengzhou Commodity Exchange
Delivery Method	Physical Delivery
Product Code	CF
Listing Exchange	Zhengzhou Commodity Exchange

Underlying	Cotton Futures Contract
Contract Type	Call Option, Put Option
Trading Unit	One cotton futures contract
Price Quotation	Chinese yuan (CNY) per metric ton
Minimum Price Fluctuation	CNY1/metric ton
Price Limit	The same as the price limit of the cotton futures contract
Contract Months	The two consecutive nearby months of the underlying futures contract; the options contracts of the following months will be listed on the trading day following the day when open interests (single-sided) of their underlying futures contracts exceed 5000 lots after clearing.
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 third-to-last trading day before the 15th calendar day (including the day) of the month prior to the futures delivery month and other dates stipulated by Zhengzhou Commodity Exchange
Expiration Day	The same as the last trading day
Strike Price	The range of strike price is the previous trading day’s settlement price of the underlying futures contract plus or minus 1.5 times the current day’s price limit. The strike price interval is: CNY100/metric ton when the strike price is less than or equal to CNY10,000/metric ton; CNY200/metric ton when the strike price is greater than CNY10,000/metric ton and less than or equal to CNY20,000/metric ton; CNY400/metric ton when the strike price is greater than CNY20,000/metric ton.
Exercise Style	American. The buyer can submit the application for exercising cotton option during the trading hours on the expiration day or any trading day before the expiration day. The buyer can submit the application for exercising or waiving the exercise before 15:30 on the expiration day.
Product Code	Call option: CF-contract month-C-strike price Put option: CF-contract month-P-strike price
Listing Exchange	Zhengzhou Commodity Exchange

Product	White Sugar
Trading Unit	10 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
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	See the Detailed Rules of Zhengzhou Commodity Exchange for White Sugar Futures
Delivery Point	Delivery points designated by Zhengzhou Commodity Exchange
Minimum Trading Margin	5% of contract value
Delivery Method	Physical delivery
Product Code	SR
Listing Exchange	Zhengzhou Commodity Exchange

Underlying	White Sugar Futures (SR) Contract
Contract Type	Call options; put options
Trading Unit	1 SR contract
Price Quotation	Chinese yuan (RMB) per metric ton
Minimum Price Fluctuation	RMB 0.5 yuan/metric ton
Price Limit	Same as the price limit for SR contracts
Contract Months	Regular Options: The two consecutive nearby months of the underlying futures contract; contracts of subsequent months are listed on the trading day following the day when (single-counted) post-clearing open interest of the relevant underlying futures contract exceeds 5,000 lots Serial Options: Listed for trading on the first trading day of the 4th month prior to the delivery month of the underlying futures contract
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	Regular Options: Third-to-last trading day as counting backward from the 15th calendar day (inclusive) of the month prior to the delivery month of the underlying futures contract, or another date prescribed by Zhengzhou Commodity Exchange Serial Options: Third-to-last trading day as counting backward from the 15th calendar day (inclusive) of the 2nd month prior to the delivery month of the underlying futures months, or another date prescribed by Zhengzhou Commodity Exchange
Expiration Day	Same as the Last Trading Day
Strike Price	The range of strike price (SP) is the preceding trading day’s settlement price of the underlying futures contract plus or minus 1.5 times the current day’s price limit The strike price interval is: 50 yuan/metric ton if SP ≤ 3,000 yuan/metric ton; 100 yuan/metric ton if 3,000 yuan/metric ton < SP ≤ 10,000 yuan/metric ton; 200 yuan/metric ton if SP > 10,000 yuan/metric ton
Exercise Style	American. The buyer can submit an exercise request during trading hours on any trading day before the expiration day, and an exercise or abandonment request before 3:30 p.m. on the expiration day
Product Code	Regular Options: Calls: SR-contract month-C-strike price Puts: SR-contract month-P-strike price Serial Options: Calls: SR-contract month-MS-C-strike price Puts: SR-contract month-MS-P-strike price
Listing Exchange	Zhengzhou Commodity Exchange

Product	Rapeseed Oil
Trading Unit	10 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: Grade IV rapeseed oil under National Standard of the People’s Republic of China “Rapeseed Oil” (GB 1536-2004). Substitute deliverables and premiums and discounts: See the Detailed Rules of Zhengzhou Commodity Exchange for Rapeseed Oil Futures
Delivery Point	Delivery points designated by Zhengzhou Commodity Exchange
Delivery Method	Physical delivery
Product Code	OI
Listing Exchange	Zhengzhou Commodity Exchange

Underlying	Rapeseed Oil Futures Contract
Contract Type	Call Option, Put Option
Trading Unit	One rapeseed oil futures contract
Price Quotation	Chinese yuan (CNY) per metric ton
Minimum Price Fluctuation	CNY0.5/metric ton
Price Limit	The same as the price limit of the rapeseed oil futures contract
Contract Months	The two consecutive nearby months of the underlying futures contract; the options contracts of the following months will be listed on the trading day following the day when open interests (single-sided) of their underlying futures contracts exceed 5000 lots after clearing.
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 third-to-last trading day before the 15th calendar day (including the day) of the month prior to the futures delivery month and other dates stipulated by Zhengzhou Commodity Exchange
Expiration Day	The same as the last trading day
Strike Price	The range of strike price is the previous trading day’s settlement price of the underlying futures contract plus or minus 1.5 times the current day’s price limit. The strike price interval is: CNY 50/metric ton when the strike price is less than or equal to CNY 5,000/metric ton; CNY 100/metric ton when the strike price is greater than CNY 5,000/metric ton and less than or equal to CNY 10,000/metric ton; CNY 200/metric ton when the strike price is greater than CNY 10,000/metric ton.
Exercise Style	American. The buyer can submit the application for exercising rapeseed oil option during the trading hours on the expiration day or any trading day before the expiration day. The buyer can submit the application for exercising or waiving the exercise before 15:30 on the expiration day.
Product Code	Call option: OI-contract month-C-strike price Put option: OI-contract month-P-strike price
Listing Exchange	Zhengzhou Commodity Exchange

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

Product	Late 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	See the Detailed Rules of Zhengzhou Commodity Exchange for Late Long-Grain Nonglutinous Paddy Futures
Delivery Point	Delivery points designated by Zhengzhou Commodity Exchange
Delivery Method	Physical Delivery
Product Code	LR
Listing Exchange	Zhengzhou Commodity Exchange

Product	Medium to Short-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	See the Detailed Rules of Zhengzhou Commodity Exchange for Medium to Short-Grain Nonglutinous Paddy Futures
Delivery Point	Delivery points designated by Zhengzhou Commodity Exchange
Delivery Method	Physical Delivery
Product Code	JR
Listing Exchange	Zhengzhou Commodity Exchange

Product	Rapeseed
Trading Unit	10 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	July, August, 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	See the Detailed Rules of Zhengzhou Commodity Exchange for Rapeseed Futures
Delivery Point	Delivery points designated by Zhengzhou Commodity Exchange
Delivery Method	Physical delivery
Product Code	RS
Listing Exchange	Zhengzhou Commodity Exchange

Product	Rapeseed Meal
Trading Unit	10 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, August, 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	See the Detailed Rules of Zhengzhou Commodity Exchange for Rapeseed Meal Futures
Delivery Point	Delivery points designated by Zhengzhou Commodity Exchange
Delivery Method	Physical delivery
Product Code	RM
Listing Exchange	Zhengzhou Commodity Exchange

Underlying	Rapeseed Meal Futures Contract
Contract Type	Call Option, Put Option
Trading Unit	One rapeseed meal futures contract
Price Quotation	Chinese yuan (CNY) per metric ton
Minimum Price Fluctuation	CNY0.5/metric ton
Price Limit	The same as the price limit of the rapeseed meal futures contract
Contract Months	The two consecutive nearby months of the underlying futures contract; the options contracts of the following months will be listed on the second trading day after the open interests (single-sided) of their underlying futures contracts exceed 5,000 lots after clearing.
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 third-to-last trading day before the 15th calendar day (including the day) of the month prior to the futures delivery month and other dates stipulated by Zhengzhou Commodity Exchange
Expiration Day	The same as the last trading day
Strike Price	The range of strike price is the previous trading day’s settlement price of the underlying futures contract plus or minus 1.5 times the current day’s price limit. The strike price interval is: CNY25/metric ton when the strike price is less than or equal to CNY2,500/metric ton; CNY50/metric ton when the strike price is greater than CNY2,500/metric ton and less than or equal to CNY5,000/metric ton; CNY100/metric ton when the strike price is greater than CNY5,000/metric ton.
Exercise Style	American style. The buyer can submit the application for exercising rapeseed meal option during trading hours on the expiration day or any trading day before the expiration day. The buyer can submit the application for exercising or waiving the exercise before 15:30 on the expiration day.
Product Code	Call option: RM-contract month-C-strike price Put option: RM-contract month-P-strike price
Listing Exchange	Zhengzhou Commodity Exchange

Product	Cotton Yarn
Trading Unit	5 metric tons/lot (conditioned weight)
Price Quotation	Chinese yuan (RMB) per metric ton
Minimum Price Fluctuation	RMB 5 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	Monthly contracts for 12 consecutive months
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	10th trading day of the delivery month
Grade and Quality	See the Detailed Rules of Zhengzhou Commodity Exchange for Cotton Yarn Futures
Delivery Point	Delivery points designated by Zhengzhou Commodity Exchange
Delivery Method	Physical Delivery
Product Code	CY
Listing Exchange	Zhengzhou Commodity Exchange

Product	Fresh Apple (“Apple” for short)
Trading Unit	10 metric tons/lot
Price Quotation	Chinese yuan (RMB) per metric ton
Minimum Price Fluctuation	RMB 1 yuan/metric ton
Price Limit	±5% 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	7% of contract value
Delivery Months	January, March, April, May, October, November, and December
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: 10th day of the month following the delivery month
Grade and Quality	See the Detailed Rules of Zhengzhou Commodity Exchange for Fresh Apple Futures
Delivery Point	Delivery points designated by Zhengzhou Commodity Exchange
Delivery Method	Physical Delivery
Product Code	AP
Listing Exchange	Zhengzhou Commodity Exchange

Underlying	Fresh Apple Futures Contract
Contract Type	Call options; put options
Trading Unit	1 AP contract
Price Quotation	Chinese yuan (RMB) per metric ton
Minimum Price Fluctuation	RMB 0.5 yuan/metric ton
Price Limit	Same as the price limit for AP contracts
Contract Months	The two consecutive nearby months of the underlying futures contract; contracts of subsequent months are listed on the trading day following the day when (single-counted) post-clearing open interest of the relevant underlying futures contract exceeds 5,000 lots
Trading Hours	Monday to Friday (except public holidays) 9:00 a.m.-11:30 a.m. and 1:30 p.m.-3:00 p.m. (Beijing time) and other trading hours prescribed by Zhengzhou Commodity Exchange
Last Trading Day	Third-to-last trading day as counting backward from the last calendar day (inclusive) of the 2nd month prior to the delivery month of the underlying futures contract, or another date prescribed by Zhengzhou Commodity Exchange
Expiration Day	Same as the Last Trading Day
Strike Price	The range of strike price (SP) is the preceding trading day’s settlement price of the underlying futures contract plus or minus 1.5 times the current day’s price limit The strike price interval is: 50 yuan/metric ton if SP ≤ 5,000 yuan/metric ton; 100 yuan/metric ton if 5,000 yuan/metric ton < SP ≤ 10,000 yuan/metric ton; 200 yuan/metric ton if SP > 10,000 yuan/metric ton
Exercise Style	American. The buyer can submit an exercise request during trading hours on any trading day before the expiration day, and an exercise or abandonment request before 3:30 p.m. on the expiration day
Product Code	Calls: AP-contract month-C-strike price Puts: AP-contract month-P-strike price
Listing Exchange	Zhengzhou Commodity Exchange

Product	Dried Jujube (“jujube” for short)
Trading Unit	5 metric tons/lot
Price Quotation	Chinese yuan (RMB) per metric ton
Minimum Price Fluctuation	RMB 5 yuan/metric ton
Price Limit	±5% 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	7% of contract value
Delivery Months	January, March, May, July, September, and December
Trading Hours	Monday to Friday (except public holidays) 9:00 a.m.-11:30 a.m. and 1:30 p.m.-3:00 p.m. (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: 10th trading day of the month following the delivery month
Grade and Quality	See the Detailed Rules of Zhengzhou Commodity Exchange for Dried Jujube Futures
Delivery Point	Delivery points designated by Zhengzhou Commodity Exchange
Delivery Method	Physical Delivery
Product Code	CJ
Listing Exchange	Zhengzhou Commodity Exchange

Underlying	Dried Jujube Futures Contract
Contract Type	Call options; put options
Trading Unit	1 CJ contract
Price Quotation	Chinese yuan (RMB) per metric ton
Minimum Price Fluctuation	RMB 1 yuan/metric ton
Price Limit	Same as the price limit for CJ contracts
Contract Months	The two consecutive nearby months of the underlying futures contract; contracts of subsequent months are listed on the trading day following the day when (single-counted) post-clearing open interest of the relevant underlying futures contract exceeds 5,000 lots
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	Third-to-last trading day as counting backward from the last calendar day (inclusive) of the 2nd month prior to the delivery month of the underlying futures contract, or another date prescribed by Zhengzhou Commodity Exchange
Expiration Day	Same as the Last Trading Day
Strike Price	The range of strike price (SP) is the preceding trading day’s settlement price of the underlying futures contract plus or minus 1.5 times the current day’s price limit The strike price interval is: 100 yuan/metric ton if SP ≤ 10,000 yuan/metric ton; 200 yuan/metric ton if 10,000 yuan/metric ton < SP ≤ 20,000 yuan/metric ton; 400 yuan/metric ton if SP > 20,000 yuan/metric ton
Exercise Style	Exercise Style American. The buyer can submit an exercise request during trading hours on any trading day before the expiration day, and an exercise or abandonment request before 15:30 on the expiration day
Product Code	Calls: CJ-contract month-C-strike price Puts: CJ-contract month-P-strike price
Listing Exchange	Zhengzhou Commodity Exchange

Product	Peanut Kernel (“Peanut” for short)
Trading Unit	5 metric tons/lot
Price Quotation	Chinese yuan (RMB) per metric ton
Minimum Price Fluctuation	RMB 2 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, April, May, October, November, and December
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: 10th day of the month following the delivery month
Grade and Quality	See the Detailed Rules of Zhengzhou Commodity Exchange for Peanut Kernel Futures
Delivery Point	Delivery points designated by Zhengzhou Commodity Exchange
Delivery Method	Physical Delivery
Product Code	PK
Listing Exchange	Zhengzhou Commodity Exchange

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Underlying	Peanut Kernel Futures Contract
Contract Type	Call Option, Put Option
Trading Unit	One peanut kernel futures contract
Price Quotation	Chinese yuan (CNY) per metric ton
Minimum Price Fluctuation	CNY0.5/metric ton
Price Limit	The same as the price limit of the peanut kernel futures contract
Contract Months	The two consecutive nearby months of the underlying futures contract; the options contracts of the following months will be listed on the trading day following the day when open interests (single-sided) of their underlying futures contracts exceed 5000 lots after clearing.
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 third-to-last trading day before the 15th calendar day (including the day) of the month prior to the futures delivery month and other dates stipulated by Zhengzhou Commodity Exchange
Expiration Day	The same as the last trading day
Strike Price	The range of strike price is the previous trading day’s settlement price of the underlying futures contract plus or minus 1.5 times the current day’s price limit. The strike price interval is: CNY 50/metric ton when the strike price is less than or equal to CNY 5,000/metric ton; CNY 100/metric ton when the strike price is greater than CNY 5,000/metric ton and less than or equal to CNY 10,000/metric ton; CNY 200/metric ton when the strike price is greater than CNY 10,000/metric ton.
Exercise Style	American. The buyer can submit the application for exercising peanut kernel option during the trading hours on the expiration day or any trading day before the expiration day. The buyer can submit the application for exercising or waiving the exercise before 15:30 on the expiration day.
Product Code	Call option: PK-contract month-C-strike price Put option: PK-contract month-P-strike price
Listing Exchange	Zhengzhou Commodity Exchange

Product	Purified Terephthalic Acid (PTA)
Trading Unit	5 metric tons/lot
Price Quotation	Chinese yuan (RMB) per metric ton
Minimum Price Fluctuation	RMB 2 yuan/metric ton
Daily 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	Monthly contracts for 12 consecutive months
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??????Export Board Delivery: 10th day of the month following the delivery month
Grade and Quality	See the Detailed Rules of Zhengzhou Commodity Exchange for Purified Terephthalic Acid Futures
Delivery Point	Delivery points designated by Zhengzhou Commodity Exchange
Delivery Method	Physical delivery
Product Code	TA
Listing Exchange	Zhengzhou Commodity Exchange

Underlying	Purified Terephthalic Acid (PTA) Futures Contract
Contract Type	Call Option, Put Option
Trading Unit	One PTA futures contract
Price Quotation	Chinese yuan (CNY) per metric ton
Minimum Price Fluctuation	CNY0.5/metric ton
Price Limit	The same as the price limit of the PTA futures contract
Contract Months	The two consecutive nearby months of the underlying futures contract; the options contracts of the following months will be listed on the second trading day after the open interests (single-sided) of their underlying futures contracts exceed 10,000 lots after clearing.
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 third-to-last trading day before the 15th calendar day (including the day) of the month prior to the futures delivery month and other dates stipulated by Zhengzhou Commodity Exchange
Expiration Day	The same as the last trading day
Strike Price	The range of strike price is the previous trading day’s settlement price of the underlying futures contract plus or minus 1.5 times the current day’s price limit. The strike price interval is: CNY50/metric ton when the strike price is less than or equal to CNY5,000/metric ton; CNY100/metric ton when the strike price is greater than CNY5,000/metric ton and less than or equal to CNY10,000/metric ton; CNY200/metric ton when the strike price is greater than CNY10,000/metric ton.
Exercise Style	American style. The buyer can submit the application for exercising PTA option during trading hours on the expiration day or any trading day before the expiration day. The buyer can submit the application for exercising or waiving the exercise before 15:30 on the expiration day.
Product Code	Call option: TA-contract month-C-strike price Put option: TA-contract month-P-strike price
Listing Exchange	Zhengzhou Commodity Exchange

Product	Flat Glass (“Glass” for short)
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	Monthly contracts for 12 consecutive months
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	See the Detailed Rules of Zhengzhou Commodity Exchange for Flat Glass Futures
Delivery Point	Delivery points designated by Zhengzhou Commodity Exchange
Delivery Method	Physical Delivery
Product Code	FG
Listing Exchange	Zhengzhou Commodity Exchange

Underlying	Flat Glass Futures Contract
Contract Type	Call options; put options
Trading Unit	1 FG contract
Price Quotation	Chinese yuan (RMB) per metric ton
Minimum Price Fluctuation	RMB 0.5 yuan/metric ton
Price Limit	Same as the price limit for FG contracts
Contract Months	The two consecutive nearby months of the underlying futures contract; contracts of subsequent months are listed on the trading day following the day when (single-counted) post-clearing open interest of the relevant underlying futures contract exceeds 10,000 lots
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	Third-to-last trading day as counting backward from the 15th calendar day (inclusive) of the month prior to the delivery month of the underlying futures contract, or another date prescribed by Zhengzhou Commodity Exchange
Expiration Day	Same as the Last Trading Day
Strike Price	The range of strike price (SP) is the preceding trading day’s settlement price of the underlying futures contract plus or minus 1.5 times the current day’s price limit The strike price interval is: 10 yuan/metric ton if SP ≤ 1,000 yuan/metric ton; 20 yuan/metric ton if 1,000 yuan/metric ton < SP ≤ 2,000 yuan/metric ton; 40 yuan/metric ton if SP > 2,000 yuan/metric ton
Exercise Style	American. The buyer can submit an exercise request during trading hours on any trading day before the expiration day, and an exercise or abandonment request before 15:30 on the expiration day
Product Code	Calls: FG-contract month-C-strike price Puts: FG-contract month-P-strike price
Listing Exchange	Zhengzhou Commodity Exchange

Product	Thermal Coal
Trading Unit	100 metric tons/lot
Price Quotation	Chinese yuan (RMB) per metric ton
Minimum Price Fluctuation	RMB 0.2 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	Monthly contracts for 12 consecutive months
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	5th trading day of the delivery month
Last Delivery Day	Board Delivery: Last calendar day of the delivery month Receipt Delivery: 8th trading day of the delivery month
Grade and Quality	See the Detailed Rules of Zhengzhou Commodity Futures for Thermal Coal Futures
Delivery Point	Delivery points designated by Zhengzhou Commodity Exchange
Delivery Method	Physical Delivery
Product Code	ZC
Listing Exchange	Zhengzhou Commodity Exchange

Underlying	Thermal Coal Futures Contract
Contract Type	Call Option, Put Option
Trading Unit	One thermal coal futures contract
Price Quotation	Chinese yuan (CNY) per metric ton
Minimum Price Fluctuation	CNY0.1/metric ton
Price Limit	The same as the price limit of the thermal coal futures contract
Contract Months	The two consecutive nearby months of the underlying futures contract; the options contracts of the following months will be listed on the second trading day after the open interests (single-sided) of their underlying futures contracts exceed 10,000 lots after clearing.
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 third-to-last trading day before the 15th calendar day (including the day) of the month prior to the futures delivery month and other dates stipulated by Zhengzhou Commodity Exchange
Expiration Day	The same as the last trading day
Strike Price	The range of strike price is the previous trading day’s settlement price of the underlying futures contract plus or minus 1.5 times the current day’s price limit. The strike price interval is: CNY5/metric ton when the strike price is equal to or less than CNY500/metric ton; CNY10/metric ton when the strike price is greater than CNY500/metric ton.
Exercise Style	American. The buyer can submit the application for exercising thermal coal option during trading hours on the expiration day or any trading day before the expiration day. The buyer can submit the application for exercising or waiving the exercise before 15:30 on the expiration day.
Product Code	Call option: ZC-contract month-C-strike price Put option: ZC-contract month–P-strike price
Listing Exchange	Zhengzhou Commodity Exchange

Product	Methanol
Trading Unit	10 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	Monthly contracts for 12 consecutive months
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	See the Detailed Rules of Zhengzhou Commodity Exchange for Methanol Futures
Delivery Point	Delivery points designated by Zhengzhou Commodity Exchange
Delivery Method	Physical Delivery
Product Code	MA
Listing Exchange	Zhengzhou Commodity Exchange

Underlying	Methanol Futures Contract
Contract Type	Call Option, Put Option
Trading Unit	One methanol futures contract
Price Quotation	Chinese yuan (CNY) per metric ton
Minimum Price Fluctuation	CNY0.5/metric ton
Price Limit	The same as the price limit of the methanol futures contract
Contract Months	The two consecutive nearby months of the underlying futures contract; the options contracts of the following months will be listed on the second trading day after the open interests (single-sided) of their underlying futures contracts exceed 10,000 lots after clearing.
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 third-to-last trading day before the 15th calendar day (including the day) of the month prior to the futures delivery month and other dates stipulated by Zhengzhou Commodity Exchange
Expiration Day	The same as the last trading day
Strike Price	The range of strike price is the previous trading day’s settlement price of the underlying futures contract plus or minus 1.5 times the current day’s price limit. The strike price interval is: CNY25/metric ton when the strike price is less than or equal to CNY2,500/metric ton; CNY50/metric ton when the strike price is greater than CNY2,500/metric ton and less than or equal to CNY5,000/metric ton; CNY100/metric ton when the strike price is greater than CNY5,000/metric ton.
Exercise Style	American style. The buyer can submit the application for exercising methanol option during trading hours on the expiration day or any trading day before the expiration day. The buyer can submit the application for exercising or waiving the exercise before 15:30 on the expiration day.
Product Code	Call option: MA-contract month-C-strike price Put option: MA-contract month-P-strike price
Listing Exchange	Zhengzhou Commodity Exchange

Product	Ferrosilicon
Trading Unit	5 metric tons/lot
Price Quotation	Chinese yuan (RMB) per metric ton
Minimum Price Fluctuation	RMB 2 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	Monthly contracts for 12 consecutive months
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	See the Detailed Rules of Zhengzhou Commodity Exchange for Ferrosilicon Futures
Delivery Point	Delivery points designated by Zhengzhou Commodity Exchange
Delivery Method	Physical Delivery
Product Code	SF
Listing Exchange	Zhengzhou Commodity Exchange