DCE Linear Low Density Polyethylene
From MarketsWiki
DCE linear low density polyethylene (LLDPE) futures trade on the Dalian Commodity Exchange (DCE). DCE LLDPE futures were launched on July 9, 2007.
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Each DCE LLDPE futures contract represents 5 tons of deliverable grade LLDPE, which is defined in accordance with DCE Delivery Quality Standard, and its last delivery date is set as the second day after the last trading day of the delivery month.[1]
Each DCE LLDPE contract is subject to a margin rate equivalent to five percent of contract value (e.g., 4102.5 yuan = 16410 yuan [L809 last price on June 4, 2008] x 5 [tons/contract] x five percent) as well as a trading fee of no more than eight yuan (RMB) / contract.
In the last six months in 2007, DCE LLDPE futures traded 763,672 contracts and its turnover amounted to 50 billion yuan.
| DCE Linear Low Density Polyethylene futures | ||
|---|---|---|
| Exchange | Dalian Commodity Exchange | |
| Settlement | Physically delivered | |
| Trade Unit | 5 tons / contract | |
| Point Value | 5 yuan (RMB) | |
| Tick Value | 25 yuan (RMB) | |
| Contract Months | Monthly contracts(12 contracts in a year) | |
| Last Trading Day | 10th Trading Day of the Delivery Month | |
| Note: This contract is electronic ONLY -- no open outcry | ||
| No Open Outcry | No Electronic Market | |
| Trading Hours | N/A | 9:00 - 11:30 am., 1:30 - 3:00 pm. |
| Ticker Symbol | N/A | L |
| Price Limits | N/A | 4% of Last Settlement Price |
