Wire Rod (WR)

Product

Wire Rod

Contract Size

10 metric tons/lot

Price Quotation

Yuan (RMB)/metric ton

Minimum Price Fluctuation

1 Yuan/metric ton

Range of Price Limit

Within 5% of the settlement price of the preceding trading day

Listed Contracts

Monthly contract for the most recent 12 months

Trading Hours

9:00 a.m. to 11:30 a.m., 1:30 p.m. to 3:00 p.m., and other hours specified by the Exchange (Beijing Time)

Last Trading Day

15th day of the contract month (postponed accordingly if it is a legal holiday in China and subject to separate adjustment and announcement by the Exchange if it falls in the Spring Festival month or another month specially designated by the Exchange.)

Delivery Period

Two consecutive business days after the last trading day

Grade and Quality Specifications

Standard: HPB300 wire rods of diameter Φ8 mm as prescribed in National Standard GB/T 1499.1-2017: Steel for the Reinforcement of Concrete - Part 1: Hot Rolled Plain Bars.

Substitute: HPB300 wire rods of diameter Φ10 mm as prescribed in National Standard GB/T 1499.1-2017: Steel for the Reinforcement of Concrete - Part 1: Hot Rolled Plain Bars.

Delivery Venue

SHFE-designated delivery storage facilities

Minimum Trade Margin

7% of contract value

Settlement Type

Physical delivery

Delivery Unit

300 metric tons

Contract Symbol

WR

Listing Exchange

Shanghai Futures Exchange