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.