|
Listed Product |
Crude Oil |
|
Trading Unit |
1 ton/lot |
|
Quotation Unit |
Yuan（RMB）/ton |
|
Minimum Price Fluctuation |
1 Yuan/ton |
|
Daily Price Limits |
Not above or below 8% of the settlement price of the previous trading day |
|
Contract Period |
Continuous trading |
|
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. |
|
Delivery Declaration Period (Beijing Time) |
16:00 p.m. – 16:15 p.m. of each trading day. |
|
Grade and Quality Specifications |
Gravity：≥27 degrees API；Sulfur（m%）：≤1.50；PH（mg KOH/g）：≤1.9；Nickel（PPM）：≤25；Vanadium（PPM）：≤20；Residual Carbon（m%）：≤5；Water Content（V/V，%）≤0.5。 |
|
Delivery Sites |
Designated Depots by the Exchange |
|
Minimum Delivery Unit |
1000 tons |
|
Margin Requirement |
20% |
|
Transaction Fee |
0.5‰ of transaction value |
|
Delivery Fee |
10 Yuan /ton |
|
Delivery Method |
Physical delivery. |
|
Compensation Rate for Deferred Delivery |
0.2‰ of contract value per day |
|
Commodity Symbol |
BCO |
|
Exchange Listed |
Bohai Commodity Exchange of Tianjin |
BCO