|
Polyester Chips (PET) |
Trading Unit |
1 ton |
Quotation Unit |
Yuan (RMB)/ton |
Minimum Price Fluctuation |
2 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 |
Semi-dull first grade PET meets the quality standard GB/T 14189-2008. |
Delivery Sites |
Designated Warehouses by the Exchange |
Minimum Delivery Unit |
30 ton |
Margin Requirement |
20% |
Transaction Fee |
0.2‰ of transaction value |
Delivery Fee |
2 yuan / ton |
Delivery Method |
Physical delivery |
Compensation Rate for Deferred Delivery |
0.5‰ of contract value per day
|
Commodity Symbol |
BPET |
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 of PET is 30 tons. The minimum delivery declaration should be an integer times 30 tons.
4. Quality Standards
1) The PET intended for delivery should meet the quality standards stated in the contract specifications.
2) The PET referred in each Registered Warehouse Receipt shall be the same trademark, and produced by the same manufacturer.
3) PET which has been produced for more than 6 months is not qualified for physical delivery.
4) The premium or discount of actual goods should not exceed ±1 ton for each delivery.
5. Approved Manufacturers
The PET intended for physical delivery shall be produced by approved manufacturers. The list of approved manufacturers shall be provided by the Exchange.
6. Designated Warehouses
The designated warehouses and the standards of premiums and discounts of geographical differences shall be otherwise published by the Exchange. |