On May 9, the Shanghai Futures Exchange publicly solicited opinions on alumina futures contracts and related business rules, which means that alumina futures may enter the list of listed varieties.
The trading unit of the alumina contract announced in the consultation draft is 20 tons/lot; the quotation unit is yuan (RMB)/ton; the minimum price change is 1 yuan/ton; the price limit range is the settlement price of the previous trading day ±4%; the contract month is from January to December, and the minimum transaction margin is 5% of the contract value; the delivery method is physical delivery; the delivery unit is 300 tons; the transaction code is AO.
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