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Electrolytic Nickel |
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Trading Unit |
10 Kg |
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Quotation Unit |
Yuan (RMB)/Kg |
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Minimum Price Fluctuation |
0.05 Yuan/Kg |
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Trading Hours (All times listed are Beijing Time) |
Night Time:19：00 p.m.- 3：00 a.m. Morning Time: 9：00 a.m. - 11：30 a.m. Afternoon Time: 13：30 p.m. - 16：00 p.m. |
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Delivery Declaration Period (Beijing Time) |
16:00 p.m. – 16:15 p.m. of each trading day. |
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Intermediary Trader Declaration Period (Beijing Time) |
16:15 p.m. – 16:30 p.m. of each trading day. |
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Quality Standard |
Standard Products：Trademark of Ni9996 specified in the National Standard GB/T6516-1997; the content of Nickel and Cobalt combined is no less than 99.96%, and the content of Cobalt is no greater than 0.02%.
Substitutes: Trademark of Ni9996 specified in the National Standard GB/T6516-1997; or meet the requirements of ASTM B39-79(2004),and the content of Nickel is no less than 99.8%. |
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Delivery Sites |
Designated Warehouses by the Exchange |
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Minimum Delivery Unit |
2000 Kg (2 tons) |
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Margin Requirement |
20% |
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Transaction Fee |
0.5‰ of transaction value |
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Delivery Fee |
100 yuan / ton |
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Delivery Method |
Physical delivery |
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Compensation Rate for Deferred Delivery |
0.5‰ of contract value per day
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Commodity Symbol |
BNI |
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Exchange Listed |
Bohai Commodity Exchange of Tianjin |
Annotation:
1. The above content constitutes the main contract specifications for the transactions completed by a buyer and a seller on the E-trading System of the Exchange.
2. The price limitations of first trading day are ±8% of the guide price; daily price limits are ±8% of the settlement price of the previous trading day.
3. Delivery Unit
The minimum delivery unit of electrolytic nickel is 2 tons. The delivery volume should be an integer times 2 tons. The surplus or shortage of physical products shall not be beyond±0.7 ton; the scale difference shall not be beyond ±0.2%; and the actual weight of products should not less than 99.8% of gross weight displayed on the tag.
4. Approved Registered Trademarks
The registered trademarks of the Hot-Rolled Ribbed Steel Bars intended for physical delivery shall be approved by the Exchange. The specific trademarks and standards of premiums and discounts shall be provided by the Exchange.
5. Designated Warehouses
The designated warehouses and the standards of premiums and discounts of geographical differences shall be otherwise published by the Exchange.
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BCO