Early Long-Grain Nonglutinous Paddy (RI)

Product

Early Long-Grain Nonglutinous Paddy

Trading Unit

20 metric tons/lot

Price Quotation

Chinese yuan (CNY)/metric ton

Minimum Price Fluctuation

CNY1/metric ton

Daily Price Limit

±4% of the settlement price of the previous trading day;

Refer to relevant provisions on daily price limit under the Measures for the Administration of Risk Control of Zhengzhou Commodity Exchange

Minimum Trading Margin

5% of contract value

Contract Months

January, March, May, July, September, November

Trading Hours

Monday to Friday (except public holidays)

9:00 a.m.-11:30 a.m.  1:30 p.m.-3:00 p.m. (Beijing time)

Last Trading Day

The 10th trading day of the delivery month

Last Delivery Day

The 13th trading day of the delivery month

Grade and Quality

Benchmark product for delivery: grade 3 and higher grade early long-grain non-glutinous paddy conforming to the specifications of the National Standard of the People's Republic of China, Paddy (GB1350-2009)

See the Detailed Rules for Futures Delivery of Zhengzhou Commodity Exchange for details on substitutes as well as premiums and discounts

Delivery Point

Designated delivery warehouses of Zhengzhou Commodity Exchange

Delivery Method

Physical Delivery

Product Code

RI

Listed Exchange

Zhengzhou Commodity Exchange