Products and Services



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.