Cotton No. 1 Futures Contract Specs Contract Size 5 TS Price Quote Yuan (RMB)/T Tick Size 5 Yuan (RMB)/MT Daily Price Limit 4% above or below the previous trading days settlement price. Contract Months Jan, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct , Nov and Dec Trading Hours 9:00-11:30 a.m. 1:30-3:00 p.m. Beijing time, Mon-Fri Last Trading Day The tenth business day of the delivery month. Delivery Date The twelfth trading day of the delivery month. Deliverable Grades Grade 328B* saw ginned upland cotton (standard GB1103-1999). Substitutions at differentials see Delivery Rules of ZCE. Delivery Place Exchange-appointed delivery warehouses Margin Rate 7% of contract value Trading Fees 8 Yuan (RMB) /contract (including risk fund) Delivery Method Physical delivery Ticker Symbol CF