The essence of futures is to sign a sales contract. The first two digits of the numerical code of a futures contract are the year when the contract is due for delivery (performance), and the last two digits are the month.

The specific delivery standard of white sugar can be seen as follows:

Sugar futures contract of Zhengzhou Commodity Exchange

Trading variety

White granulated sugar

Trading unit

10 ton/hand

Quotation unit

Yuan (RMB)/ton

Minimum variable price

1 yuan/ton

Maximum daily price fluctuation limit

Not more than 4% of the settlement price of the previous trading day.

Contract delivery month

1, 3,5,7,9, 1 1 month

trading hour

Every Monday to Friday from 9: 00 a.m. to afternoon 1 1: 30 p.m. (except legal holidays) 1: 30 to 3: 00 p.m.

last trading day

The 10 trading day of the contract delivery month.

end delivery date

The first 12 trading day of the contract delivery month.

Delivery grade

Standard: Grade I white sugar (in line with GB 317-2006); For substitutes and discounts, please refer to the futures delivery rules of Zhengzhou Commodity Exchange.

place of delivery

Exchange designated warehouse

Minimum trading margin

6% of the contract value

transaction cost

4 yuan/hand (including risk reserve)

Mode of delivery

Actual delivery

Event code

steradian

Listed exchange

Zhengzhou Commodity Exchange

Detailed Rules for Futures Delivery of Zhengzhou Commodity Exchange

Section 3 White Sugar

Article 15 Delivery unit: 10 ton.

Article 16 The delivery standard of white sugar shall be formulated by the exchange itself according to law.

Benchmark deliverable: First-class white sugar (hereinafter referred to as the national standard of white sugar) that meets the national standard of white sugar in People's Republic of China (PRC) (GB3 17—2006).

Substitutes and premiums:

(1) Imported white sugar (including white sugar processed from imported raw sugar) that meets Grade I and Grade II (color value less than or equal to 170IU) of the national standard for white sugar can be delivered;

(2) Grade II white sugar whose color value is less than or equal to 170IU and other indicators meet the national standard of white sugar can be delivered in September of this sugar-making year (from June 10 to September 30th of the following year) and in June of the following year 1 10.

Article 17 White sugar produced in N sugar-making years can only be delivered to 165438+ 10 month of that year after the end of N sugar-making years. From the contract delivery in September of that year (including the contract delivery in September), the 20 yuan/ton discount will be increased for each month of delivery, that is, 20 yuan/ton will be discounted in September and/kloc-in June.

Eighteenth sugar packaging should comply with the provisions of the "national standard for sugar".

Imported sugar does not need other signs and labels except product name, net content, manufacturer name and production date.

Sugar packages that are moldy, seriously polluted, moist, mobile, caked or smelly shall not be put into storage.