View source for SHFE Zinc

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SHFE zinc [[futures]] trade on the [[Shanghai Futures Exchange]] (SHFE). SHFE zinc futures were launched on March 26, 2007 and have been the most recent contract listed on the SHFE until [[SHFE gold futures]] were listed in January 2008. 


Each SHFE zinc futures contract represents 5 tons of deliverable grade zinc ingot, which is defined as standard aluminum with fineness not less than 99.995 percent and conforms with 99.995% graded zinc chemical composition of GB470－1997 as good for [[delivery]], and its delivery date is set as the 16th to 20th day of the spot month.  SHFE zinc futures contract also has a minimum delivery unit requirement of 25 tons<ref>{{cite web|url=http://www.shfe.com.cn/Ehome/index.jsp?id=7&subjectpid=9&subjectid=904&startpage=5|org=Shanghai Futures Exchange|name=Zinc Contract Specification|date=May 24, 2008}}</ref>.


Each SHFE zinc futures contract is subject to a margin rate equivalent to 5 percent of contract value (e.g., 4450 yuan = 17800 yuan [ZN0808 last price on May 23, 2008] x 5 [tons/contract] x 5 percent) as well as a trading fee equal or below 0.02 percent of transaction value / contract.


In the last nine months of 2007, ZCE zinc futures traded 20,430,898 contracts and its turnover amounted to 2,475.4 billion yuan.


China is the largest producer of zinc in the world<ref>{{cite web|url=http://www.chinamining.org/Companies/2008-05-15/1210834785d13769.html|org=China Mining Association|name=Chinese Zinc Producers in Shaanxi, Gansu Halt Output|date=June 26, 2008}}</ref>, but became a net importer in 2004<ref>{{cite web|url=http://www.atimes.com/atimes/China/GF09Ad03.html|org=Asia Times Online|name=Chinese metals, from Al to Zn|date=June 26, 2008}}</ref>, and currently importing about half a million tons of zinc a year.  


{{Contract
|exch     =  Shanghai Futures Exchange
|cname    =  Zinc
|commod   =  Zinc
|ctype    =  Metals
|cash     =  <!-- Y if the contract is cash-settled; leave blank if not -->
|months   =  January to December
|fnd      =  <!-- Rules for determining First Notice Date, or blank if none -->
|ltd      =  The 15th day of the spot month
|unit     =  5 ton/lot
|ptdesc   =  1 yuan (RMB)/ton
|ptval    =  5 yuan ([[RMB]])
|tickPt   =  1 yuan (RMB)/ton
|tickVal  =  5 yuan (RMB)
|elect    =  <!-- Y if an electronic trading session exists; leave blank if none -->
|elHours  =  9:00 am to 11:30 am, 1:30 pm to 3:00 pm
|elLimit  =  Within range of 4% above or below the settlement price of the previous trading day
|elSym    =  ZN
|outcry   =  <!-- Y if an open outcry session exists for trading; leave blank if electronic only -->
|ooHours  =  <!-- Open outcry trading hours; leave blank if none -->
|ooLimit  =  <!-- Price limits on open outcry trading session; leave blank if none -->
|ooSym    =  <!-- Ticker symbol for open outcry session; leave blank if none -->

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|oed       =  <!-- Rules for determining Option Expiration Day -->
|options   =  <!-- Any value if option data is being provided -->
|opUnit    =  <!-- Trade unit -- leave blank unless it's something other than "One futures contract" -->
|opMonths  =  <!-- List of option months -->
|opPtdesc  =  <!-- description of point value, e.g 0.5 cents per bushel, dollars per ounce -->
|opPtval   =  <!-- dollar (or other currency) value of one market point -->
|opTickPt  =  <!-- option tick size in points -->
|opTickVal =  <!-- option tick size in currency -->
|opExercise=  <!-- Exercise style, American, European or leave blank if not relevant -->
|opElect   =  <!-- Any value if electronic trading is used -->
|opEHours  =  <!-- trading hours for electronic platform; leave blank if none -->
|opELimit  =  <!-- Daily price limit for electronic platform; leave blank if none -->
|opESym    =  <!-- Ticker symbol for electronic session -->
|opOutcry  =  <!-- Any value if open outcry is used -->
|opOHours  =  <!-- trading hours for open outcry session; leave blank if none -->
|opOLimit  =  <!-- Daily price limit for open outcry session; leave blank if none -->
|opOSym    =  <!-- Ticker symbol for open outcry session -->
|opStrike  =  <!-- Strike price interval description -->
}}
== Notes ==

== References ==
<references />

[[Category:China]]
[[Category:Futures Contracts in China]]