Shanghai Futures Exchange plans to launch nickel contract
2015-03-12 15:09:26 [Print]
China’s first nickel futures contract is expected to be launched on Shanghai Futures Exchange (SHFE) on Mar. 27, which has drawn much attention in 2015.
In accordance with the proposed draft, nickel futures contract will be traded in unit of 1 ton/lot with minimum change of RMB10/t. The daily price limit will be ±4%, with minimum transaction margin 5% of contract value trading. The minimum delivery unit is 6 tons.
The launch of nickel futures contract is one of the top priorities over categories development for SHFE. So far, the conditions are ripe for the launch.
In accordance with the proposed draft, nickel futures contract will be traded in unit of 1 ton/lot with minimum change of RMB10/t. The daily price limit will be ±4%, with minimum transaction margin 5% of contract value trading. The minimum delivery unit is 6 tons.
The launch of nickel futures contract is one of the top priorities over categories development for SHFE. So far, the conditions are ripe for the launch.
Nickel Ore Philippine 0.8%min CIF China
Unit:USD/mt
China refined nickel producers' sales volume statistics by province by month
Unit: mt
