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Commodity Futures - Nitrogen Fertiliser Solutions

  UAN 30 FERTILISER FUTURES
Contract code UAN
Unit of trading Thirty Tonnes
Pricing unit/quotation (= price basis) Euro and euro cents per metric ton as per FCA-Incoterm 2010 basis at an accredited tank in Rouen (France). Each lot shall be made available FCA truck/rail at the place of the approved terminal and presented “ready for loading"  to the buyer ready to receive goods.  
Origins tenderable Any origin
Quality Nitrogen Fertiliser solution derived from urea and ammonium nitrate as per EU REGULATION (EC) No 2003/2003 OF THE EUROPEAN PARLIAMENT relating to fertilisers and EU REGULATION (EC) No 1907/2006 (REACH), Annex II, with sound, fair and merchantable quality, all duties and taxes paid, and having the following specifications:
 
Composition
-  Chemical analysis*: Total Nitrogen content: 30
-  Ureic nitrogen 15%
-  Ammoniacal nitrogen 7,5%
-  Nitricnitrogen 7,5%

Physical analysis
-  Appearance: No sediment, free of solid particles
-  Relative density equivalent at 20°C +/-0,5°C= 1,305-1,325
-  Containing corrosion inhibitor

Minimum price movement (tick size and value) 25 euro cents per tonne (€7.50)
Delivery months March, June, September, November
such that 10 consecutive delivery months are available for trading.
Introduction of new expiry months  
Wholesale services Against Actuals, Exchange for Swaps
Euronext market Paris
Last trading day The 10th calendar day of the month preceding the delivery month (or trading day prior this date if 10th is public holiday).
Settlement (Delivery) Euro and euro cents per metric ton as per FCA-Incoterm 2010 basis at an accredited tank in Rouen (France). Each lot shall be made available FCA truck/rail at the place of the approved terminal and presented “ready for loading"  to the buyer ready to receive goods.  
Delivery period Delivery takes place from the 6th trading day following the Expiry until the end of the Delivery Period.

“Delivery Period” is the period commencing on and including the 1st  Trading Day following the Expiry and up to the last working day of a specified delivery month. The detailed delivery schedule is mentioned on LCH SA’s clearing rules, notably into LCH SA’s Notice relating to the delivery procedure applied to nitrogen fertiliser solution UAN 30.

Exchange Delivery Settlement Price (EDSP) (methodo price) EDSP as a physically delivered contract (please refer to the technical specifications)
Clearing organization LCH SA
Delivery limits Delivery limits are set by LCH S.A. and are published 80 days before the last trading day and are applicable for 12 days before the last trading day of the delivery month. Please refer to the LCH S.A. notices on the website.
Trading hours 10:45 - 18:30 CET
Trading platform Optiq
Algorithm Central order book applies a price-time trading algorithm, with priority given to the first order at the best price.
Last update 28 May 2019

Commodities Reporting Contract

Please note that for technical reasons, Euronext won't publish the CoT reports this week... More
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