The essence of futures is the signing of a contract for the purchase and sale of futures contracts, futures contracts digital code of the first two digits of the contract is due for delivery (fulfillment) of the year, the last two digits is the month.

Specific delivery standards for sugar, see:

Zhengzhou Commodity Exchange sugar futures contract

Trading varieties

Sugar

Trading unit

10 tons / hand

Quote unit

Yuan (yuan) / ton

Minimum change price

1 yuan / ton

Maximum daily price fluctuation limit

Not more than ±4% of the settlement price of the previous trading day

Contract delivery month

January, March, May, July, September, November

Trading hours

Weekly Monday-Friday 9:00 a.m. - 11:30 a.m. (except statutory holidays) 1:00 p.m. - 11:30 p.m. (except statutory holidays) Holidays) 1:30 - 3:00 p.m.

Last trading day

The 10th trading day of the contract delivery month

Last delivery day

The 12th trading day of the contract delivery month

Delivery grade

Standard product: Grade 1 sugar (in accordance with GB317-2006); substitutes and upward and downward discounts. 2006); for substitutes and premium and discount, please refer to "Zhengzhou Commodity Exchange Futures Delivery Rules".

Delivery Location

Exchange Designated Warehouse

Minimum Margin

6% of Contract Value

Trading Handling Fee

RMB 4 per lot (including risk reserve)

Mode of Delivery

Physical delivery

Trade Code

SR

Listing Exchange

SR

Listing Exchanges

Zhengzhou Commodity Exchange

Zhengzhou Commodity Exchange Futures Delivery Rules

Section III Sugar

Article 15 Delivery Unit: 10 tons.

Article 16 The delivery standard of white sugar shall be formulated by the Exchange itself according to law.

Benchmark delivery: in line with the "Chinese People's *** and the national standard white sugar" (GB317-2006) (hereinafter referred to as "sugar national standard") the provisions of the first grade white sugar.

Substitutes and premium and discount:

(1) imported white sugar (including white sugar processed from imported raw sugar) of Grade I and Grade II (color value less than or equal to 170 IU) conforming to the National Standard for White Sugar can be delivered;

(2) Grade II white sugar with a color value of less than or equal to 170 IU, and with other indexes conforming to the National Standard for White Sugar can be delivered in the current sugar year (October 1 to September of each year). September and the end of the sugar year after the end of the year November contract alternative delivery, the discount standard is 50 yuan / ton;

Article XVII of the N sugar year production of white sugar, can only be delivered to the end of the year after the end of the N sugar year in November, and from the delivery of the year from the September contract delivery (including delivery of the September contract) for each delivery month to increase the discount of 20 yuan / ton, that is, September The discount of 20 yuan / ton, November discount of 40 yuan / ton, discount with the payment of goods and settlement.

Article 18 The packaging of white sugar shall comply with the provisions of the National Standard for White Sugar.

Imported white sugar logo, labeling, in addition to should contain the product name, net content, the name of the manufacturer, date of production and other content, other content is not required.

White sugar packages with mold, serious contamination or the appearance of damp packages, runny packages, real lumps, odor, shall not be warehoused.