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Hot-rolled Ribbed Steel Bars (Western Area) |
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Trading Unit |
1 ton/lot |
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Quotation Unit |
Yuan (RMB)/ton |
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Minimum Price Fluctuation |
1 Yuan/ton |
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Daily Price Limits |
Not above or below 8% of the settlement price of the previous trading day |
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Contract Period |
Continuous trading |
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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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Quality Standard |
Standard Products：As specified in Steel for the reinforcement of concrete – Part 2: Hot-rolled ribbed bars, GB 1499.2-2007. In the category of HRB400 or HRBF400 with a diameter of 16mm,18mm,20mm,22mm,25mm.
Substitutes: As specified in Steel reinforced concrete Part 2: hot-rolled ribbed bar, GB 1499.2-2007. In the category of HRB335 or HRBF335 with a diameter of 16mm,18mm,20mm,22mm,25mm.
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Delivery Sites |
Designated Warehouses by the Exchange |
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Minimum Delivery Unit |
60 tons |
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Margin Requirement |
20% |
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Transaction Fee |
0.2‰ of transaction value |
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Delivery Fee |
5 yuan / ton |
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Delivery Method |
Physical delivery |
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Compensation Rate for Deferred Delivery |
0.8‰ of contract value per day
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Commodity Symbol |
BRBW |
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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. Delivery Unit
The delivery unit weight of Hot-Rolled Ribbed Steel Bars (Western Area) is 60 tons for each Registered Warehouse Receipt. The delivery volume should be an integer times 60 tons.
3. Quality Standards
1) The Hot-Rolled Ribbed Steel Bars intended for delivery should meet the quality standards stated in the contract specifications.
2) The Hot-Rolled Ribbed Steel Bars intended for delivery should be 9 meters in length.
3) The Hot-Rolled Ribbed Steel Bars intended for entry into the designated warehouses shall have quality certificates. A Registered Warehouse Receipt can be granted to the Hot-Rolled Ribbed Steel Bars if they are delivered to designated warehouses within 30 calendar days after the date of manufacture. A Registered Warehouse Receipt is valid for three months. Any Hot-Rolled Ribbed Steel Bars beyond 30 days of manufacture should be delivered to a quality inspection organization designated by the Exchange. If the results of the quality inspection meet the requirements of the contract specifications, then the owner can apply for the Registered Warehouse Receipt. A Registered Warehouse Receipt is valid for three months after either the bars are manufactured or the quality inspection report is issued.
4) The Hot-Rolled Ribbed Steel Bars on each Registered Warehouse Receipt shall be produced by the same manufacturer. All products in each Receipt should be on the same trademark, with the same diameter and length. The earliest date on any Steel Bar referred to on the Receipt is taken to be the manufacturing date for that Receipt.
5) The Hot-Rolled Ribbed Steel Bars intended for physical delivery shall be measured by their actual weight. The surplus or shortage of physical products for each Registered Warehouse Receipt shall not be beyond±5% and the scale difference shall not be beyond ±0.3%.
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 the designated warehouses shall be otherwise published by the Exchange.
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BCO