Copper Cathode (BC)

Product

Copper Cathode

Contract Size

5 metric tons (MT)/lot

Price Quotation

Yuan (RMB) /MT (exclusive of tax and customs duty)

Minimum Price Fluctuation

10 Yuan/metric ton

Daily Price Limit

Within ±3% of the settlement price of the preceding trading day

Listed Contracts

January, February, March, April, May, June, July, August, September, October, November, and December

Trading Hours

9:00–11:30 a.m., 1:30–3:00 p.m., and other trading hours prescribed by Shanghai International Energy Exchange (INE)

Last Trading Day

The fifteenth day of the delivery month (postponed accordingly if it is a national holiday or weekend. INE reserves the right to adjust the last trading day based on national holidays and weekends.)

Delivery Period

Five consecutive trading days after the last trading day

Grades and Quality Specifications

Copper cathodes meeting the standards for Grade A copper (Cu-CATH-1) under GB/T 467-2010 or Cu-CATH-1 under BS EN 1978:1998.

Delivery Venue

Delivery venue designated by INE

Minimum Trading Margin

5% of contract value

Settlement Type

Physical delivery

Product Symbol

BC

Listing Exchange

Shanghai International Energy Exchange (INE)