Cotton (CF)

Product

Cotton

Trading Unit

5 metric tons/lot (conditioned weight)

Price Quotation

Chinese yuan (CNY)/metric ton

Minimum Price Fluctuation

CNY5/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

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)

Other trading hours stipulated by Zhengzhou Commodity Exchange

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 3128B domestic cotton conforming to the Cotton Chapter 1: Domestic Gear Shaped Fine Staple Cotton (GB1103.1-2012) with U3 length uniformity, S3 breaking tenacity and P2 preparation

See the Detailed Rules for Futures Delivery of Zhengzhou Commodity Exchange for details on delivery substitutes

Premiums and discounts of substitutes shall be formulated and announced by Zhengzhou Commodity Exchange separately

Delivery Point

Designated delivery warehouses of Zhengzhou Commodity Exchange

Minimum Trading Margin

5% of contract value

Delivery Method

Physical Delivery

Product Code

CF

Listed Exchange

Zhengzhou Commodity Exchange