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Hot-rolled Ribbed Steel Bars (City of ChongQing) |
Trading Unit |
1 ton |
Quotation Unit |
Yuan (RMB)/ton |
Minimum Price Fluctuation |
1 Yuan/ton |
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. |
Intermediary Trader Declaration Period (Beijing Time) |
16:15 p.m. – 16:30 p.m. of each trading day. |
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 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 HRB400 or HRBF400 with a diameter of 16mm,and HRB335 or HRBF335 with a diameter of 16mm,18mm,20mm,22mm,25mm.
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Delivery Sites |
Designated Warehouses by the Exchange |
Minimum Delivery Unit |
40 tons |
Margin Requirement |
20% |
Transaction Fee |
0.4‰ of transaction value |
Delivery Fee |
5 yuan / ton |
Delivery Method |
Physical delivery |
Compensation Rate for Deferred Delivery |
0.8‰ of contract value per day
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Commodity Symbol |
BRBCQ |
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 weight of Hot-Rolled Ribbed Steel Bars (City of ChongQing) is 40 tons. The delivery volume should be an integer times 40 tons.
4. 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 six months after the date of manufacture. A Registered Warehouse Receipt is valid for six months and cannot beyond the six months starting from the manufacture date.
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 shall not be beyond±3 tons and the scale difference shall not be beyond ±0.3%.
6) The quantities and nominal diameters of the Hot-Rolled Ribbed Steel Bars delivered at the same date by the same trader must meet the following requirements:
Quantities |
Nominal Diameters and Percentages |
≤1200 tons |
Meet the requirements specified in the contract |
Between 1200 tons and 3000 tons |
At least two types of nominal diameters, and the percentage of each type of nominal diameter cannot exceed 60% of total amount delivered. |
Between 3000 tons and 9000 tons |
At least three types of nominal diameters, and the percentage of each type of nominal diameter cannot exceed 40% of total amount delivered. |
≥9000 tons |
At least four types of nominal diameters, and the percentage of each type of nominal diameter cannot exceed 30% of total amount delivered. |
7) The tolerance is provided below:
Nominal Diameters(mm) |
Tolerance |
φ16、φ18、φ20 |
≥-4%,and ≤-2% |
φ22、φ25 |
≥-3%,and ≤-1% |
8) The agreement settlement reached between buyers and sellers should be executed in accordance with the 《Detailed Agreement Settlement Rules of Tianjin Bohai Commodity Exchange》.
5. 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.
6. 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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