Three. Trading margin and price limit range
The initial trading margin of iron ore futures contract is tentatively set at 5% of the contract value, and the price limit is tentatively set at 4% of the settlement price of the previous trading day. The first day of listing of the new contract is limited to 8% of the benchmark price.
Fourth, transaction costs.
The transaction fee of iron ore futures contract is 0.8 ‰ of the contract value, and the opening and closing fees of the same contract on the same day are charged at 0.4 ‰ of the contract value respectively.
Verb (abbreviation of verb) position information announcement
After the settlement of each trading day, the exchange will announce the trading volume and positions of all members of the iron ore futures contract on that day.
Six, the designated quality inspection agencies
China Inspection and Certification Group Inspection Co., Ltd., Tongbiao Standard Technical Service Co., Ltd. and Shanghai Tian Xiang Quality Technical Service Co., Ltd. are designated quality inspection institutions for iron ore.
Seven. Designated delivery warehouse
Iron ore delivery warehouses designated by Tianjin Port Trading Market Co., Ltd., Jiangsu Lianyungang Port Co., Ltd., Rizhao Port Co., Ltd., Qingdao Port (Group) Co., Ltd., Tangshan Port Logistics Co., Ltd., Tianjin Gangjun Logistics Development Co., Ltd. and Caofeidian Port Co., Ltd.; Hebei Iron and Steel Group Mining Co., Ltd., Jiangsu Shagang International Trading Co., Ltd. and China sinosteel Co., Ltd. are designated iron ore delivery stations.