appendix to standard bitumen futures contract of shanghai futures exchange-凯发k8娱乐官网入口
updated on:dec 02,2013
ⅰ. contract size & minimum warranted delivery size
the size of standard bitumen futures contract is 10 tons/lot and the minimum warranted delivery size is 10 tons.
ⅱ. grade and quality specifications
1. the quality of 70#, grade a road bitumen for physical delivery against this contract shall meet technical requirements as provided in shfe implementing rules on delivery of bitumen futures (trial).
2. the bitumen on each warrant shall be approved by the exchange as a registered product (registered brand approved by the exchange or bitumen produced by production enterprise that lives up to relevant quality standards), to which the quality certificate must be attached.
3. warrants shall not be transferred unless the goodness of them is confirmed by the shfe certified delivery warehouses or certified bitumen factory warehouse pursuant to shfe rules.
iii. products registered with and approved by the shfe
the bitumen for physical delivery must be the product registered with and approved by the exchange. the specific registered products and the rate of premium & discount will be prescribed and announced by the exchange in due course.
ⅳ. certified delivery warehouse and certified bitumen factory warehouse
the certified delivery warehouse and certified bitumen factory warehouse will be announced by the exchange in due course.