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.