Listed Product	Hot Rolling Steel Plate
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.
Quality Standard	Standard Products： Type Q235 of Hot Rolling Steel Plate (including Grade A, B, and C) of designated manufacturers or Type SS400 with a width of 1500mm and a thickness of 5.75mm. Substitutes：Type Q235 of Hot Rolling Steel Plate(including Grade A,B, and C) of designated manufacturer or Type SS400 with a width of 1500mm and a thickness of 9.75mm、9.5mm、7.75mm、7.5mm、5.8mm、5.7mm、5.6mm、5.5mm、4.75mm、4.5mm、3.75mm、3.5mm.
Delivery Sites	Designated Warehouses by the Exchange
Minimum Delivery Unit	300 tons
Margin Requirement	20%
Transaction Fee	0.2‰ of transaction value
Delivery Fee	5 Yuan/ton
Delivery Method	Physical delivery
Compensation Rate for Deferred Delivery	0.4‰ of contract value per day
Commodity Symbol	BRC
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 delivery unit weight of a Hot Rolling Steel Plate is 300 tons for each Registered Warehouse Receipt. The delivery volume should be an integer times 300 tons.

　

3. Quality Standard

1) The Hot Rolling Steel Plates intended for delivery should meet the quality standards stated in the contract specifications.

2) When the delivery declarations are successfully matched, the underlying product should not be expired. The expiry date for every batch of Hot Rolling Steel Plates is five months after it is manufactured. A Registered Warehouse Receipt is only issued to a Hot Rolling Steel Plate that is delivered to the designated warehouse within three months of the date of manufacture. 　

3) The Hot Rolling Steel Plate for each Registered Warehouse Receipt should be produced by the same manufacturer. All products in each Receipt should be of the same trademark, with the same width and thickness. The earliest date of manufacture for each Hot Rolling Steel Plate is taken to be the manufacturing date for the Receipt.

4) The surplus or shortage of physical products for each Registered Warehouse Receipt shall not be beyond ±5%.

　

4. Approved Registered Trademarks

The registered trademarks of each Hot Rolling Steel Plate 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. The Designated Warehouses

The designated warehouses and the standards of premiums and discounts of the designated warehouses shall be otherwise published by the Exchange.