Commodity Futures—Shanghai Copper (CU) Fundamentals Trading Tips
trading variety | copper | trading unit | 5 tons/hand | Quotation unit | Yuan (RMB/ton) |
Minimum price change | 10 yuan / ton | Limit range | Not more than ±5% of the settlement price of the previous trading day | contract delivery month | 1-Dec |
transaction hour | MEGLOBEX(ETH): Week-to-Thursday: 17:00-15:15 and 15:30-16:30 (US-China time), daily system maintenance closing time: 16:30-17:00 (US-China time) Sunday: 17:00-15:15 "US-China Time". CME ClearPort: Sunday-Friday 16:00-16:15 (US-China Time); 45-minute break every day starting at 16:15 US-China Time | last trading day | Contract delivery month 15th (extended in case of statutory holidays) | last delivery date | Contract delivery month 16--20 (extended in case of statutory holidays) |
Delivery grade | Standard product: cathode copper, in line with the national standard GB/T467-2010 No. 1 standard copper (Cu-CATH-2) regulations, of which the main component copper plus silver content is not less than 99.95%. | Minimum Trading Margin | 0.200 for speculation, 0.200 for hedging | Transaction Fees | 0.05‰, the average discount rate is 0 |
Delivery method | physical delivery | trasaction code | CU | listed exchange | Shanghai Futures Exchange |
Shanghai copper (48340, -60.00, -0.12%) fell from a high level, and the cu1903 contract traded within the outer trading range. As of 15:57 last week, 3-month London copper was reported at US$6,028.5/ton, down 0.45% daily.
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