Shanghai Futures Exchange will launch new tin and nickel contracts on 27 March and has already got the approval from China Securities Regulatory Commission. SHFE now has a range of non-ferrous metals futures contracts for copper, aluminum, lead, zinc, nickel and tin, matching the main London Metals Exchange contracts. SHFE started simulated trading on 17 March on its website with a listing reference price for the tin contract of 125,000 RMB/tonne.
The tin contract lot size will be smaller than other base metals traded on SHFE, at 1 tonne, and the minimum delivery unit is 2 tonnes. The delivery standard should be in compliance with Sn 99.90 A grade specifications of national standard GB/T 728-2010, wherein the tin content is no less than 99.90%. The trading hours will be 9.00-11.30am, 1.30-3.00pm and 9.00pm-1.00am. There are currently four tin contract registered brands: YT(LME listed), YUNHENG(LME listed), JINHAI and YUNXIANG.
