Listed Product

　　Steam Coal

Trading Unit

　　10 tons/ 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

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

　Standard products: Net Calorific Value as
　　Received Basis Q_net,ar：5500 Kcal/kg; Sulfur S_t,ad：≤1%;Volatile matter V_daf：23 – 35%;Moisture M_t：≤13%;Ash Fusion Point ST：≥1250℃

　Substitutes: Please refer to Annotation 3

Delivery Sites

　　Designated Warehouses by the Exchange

Minimum Delivery Unit

　　1000 tons

Margin Requirement

　　20%

Transaction Fee

　　0.5‰ of transaction value

Delivery Fee

　　1Yuan / ton

Delivery Method

　　Physical delivery

Compensation Rate for Deferred Delivery

　　0.0‰ of contract value per day

Commodity Symbol

　　BSC

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. Delivery Unit

The minimum delivery unit of steam coal is 1000 tons. The delivery volume declared shall be above 1000 tons (included) and be an integer times 1000 tons for each trader, every time.

3. Quality standard range and price adjustment margin for substitutes

　

Items	Quality Indication Range	Price Adjustments
Calorific Value	≥5300 Kcal/kg	Unit price per Kcal（calculated as: settlement price on declaration day÷5500）×Actual Kcal
	4800 – 5300 Kcal/kg	Unit price per Kcal（calculated as：（settlement price on declaration day-100）÷5000）×Actual Kcal
Sulfur	1 – 1.5 %	2 Yuan discount per ton for every 0.1% increased
Moisture	>13%	The weight of the excess water will be deducted.

　

4. Approved Delivery Ports

　

No.	Name of Approved Delivery Ports	Premiums or Discounts
1	Port of Tianjin	0
2	Port of Qinhuangdao	0
3	Port of Jingtang	0
4	Port of Caofeidian	0

　

　　5．Any newly approved　delivery ports and the standards of premiums and discounts shall be otherwise published by the Exchange.