Trading time is 9: 00- 12: 00 (new york time).
The contract unit 1 12000 pounds (50 tons) is about 50.8 metric tons.
Quotation unit cents/pound
Transaction code SB
The delivery months are March, May, July and 10 (8 contracts can be traded at the same time).
The minimum price change is 0.0 1 cent/pound (1 1.2 USD/contract).
Crude sucrose with an average optical rotation of 96 in the conveying stage.
The delivery places are Argentina, Australia, Barbados, Belize, Brazil, Colombia, Masdarica, Dominica, El Salvador, Ecuador, Fiji Island, French Antilles, Guatemala, Honduras, India, Jamaica, Malawi, Mauritius, Mexico, Nicaragua, Peru, Philippines, South Africa, Swaziland, Taiwan Province Province, Thailand, Trinidad, USA and Zimbabwe.
Delivery method physical delivery
Last trading day The last trading day one month before the delivery month.
The first trading day after the last trading day.
Source: New York Futures Exchange website translation and drawing: Zhengzhou Commodity Exchange
Table 2: London International Financial Futures Options Exchange No.5 Sugar Futures Contract
Trading time: 9: 45- 18: 20 (London time)
The contract unit is 50 tons
The quotation unit is USD and US cents/ton (FOB).
Transaction code w
The delivery months are March, May, August, 10, 12 (8 contracts can be traded at the same time).
The minimum price change is 10 cent/ton (USD 5/contract)
The delivery grade uses white sugar or refined sugar produced by beet or sugarcane anywhere in the current delivery period. Loose and dry, uniform particles, optical rotation not less than 99.8, moisture not more than 0.06%, and color value not more than 45ICUMSA units (if it is produced in the European Union, the color value should meet the ASSUC requirements).
The benchmark price is FOB plus cabin price (USD/ton) in the following ports: Amsterdam, Antwerp, Bangkok, Bilbao, bremerhaven, Bouventura, Buenos Aires, Cadiz, Calais, Delfozil, Dunkirk, Durban, Emshavin, Frasin, Gdansk, Gdynia, Tihon, Guangzhou, etc. Lesos, Lisbon, Marcelo, Marseille, matanzas, Natal, New Orleans, Barra, Penang, Kelantan, Rushda, Kwa Sazal, Recife, Rosario (note 1), Rostock, Rotterdam, Rouen, Santander, Santos, Savannah, Shekou, Singapore. Note 1: This contract came into effect in February 2004. Note 2: The inter-port freight difference, which came into effect in May 2005, is decided and announced by the board of directors and applies to all ports except Europe.
Delivery method physical delivery
Delivery term: any trading day in the delivery month and the month following the delivery month.
The notification date is15th calendar day before the first day of the delivery month (the non-trading day will be postponed to the next trading day).
The last trading day is 16 calendar day before the first day of delivery month (if it is not a trading day, it will be moved to the previous trading day).
The London Clearing House (LCH) is responsible for the contract settlement of bill exchange.
Source: LIFFE website translation and tabulation: Zhengzhou Commodity Exchange.