Underlying Futures Contract: SHFE Copper (CU)
Depth: Continuous Futures Contract #1 (CU1)
Roll Date: Roll on First Day of Delivery Month. Contracts roll on the first day of the delivery month of the expiring or front contract. If the front contract expires before the first day of the deliverty month, then contracts roll on the expiry date instead.
Price Adjustment: Unadjusted. Prices are not adjusted in any way. Continuous contracts reflect raw prices from the underlying contracts.
Methodology: To read more about the Stevens roll date and price adjustment methodology, see the Documentation tab on the Stevens Continuous Futures database home page.
Contract Size: 5 ton
Deliverable Good: Standard products: 1# Standard Copper Cathode (Cu-CATH-2) as prescribed in the National Standard of GB/T467-2010, with Copper+Silver≥99.95%. Substitutions: Grade-A Copper (Cu-CATH-1) as prescribed in the National Standard of GB/T467-2010; or Grade-A Copper (Cu-CATH-1) as prescribed in BS EN 1978:1998
Tick Size: Yuan per ton
Pricing Unit: 10 Yuan per ton
Columns: Open, High, Low, Settle, Volume, Previous Day Open Interest. Note that Open Interest is always reported for the previous trading day, to avoid lookahead bias.