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China Internationalised Products > INE > Copper (BC)
| INE Copper Home Page |  |
COPPER (BC)
INE Copper Futures Contract Specifications |
|
| Product | Copper Cathode |
| Contract Site | 5 metric tons (MT)/lot |
| Price Quotation | Yuan (RMB)/MT (exclusive of tax and customer 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 | Please refer to Trading Holidays & Hours |
| 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) |
Delivery Process
Standard Delivery Procedure involves a five-day delivery procedure.
Delivery Fees for Copper
The buyer and the seller involved in a physical delivery need to each pay a delivery fee at the rate of 2 yuan/metric ton to the Exchange. From the date of listing to January 8, 2021, the delivery fee is temporarily waived.
*For most accurate and up-to-date information, please refer to the respective exchange’s website.
