DCE RBD Palm Olein
From MarketsWiki
DCE RBD palm olein (palm oil) futures trade on the Dalian Commodity Exchange (DCE). DCE palm oil futures are the most recent contract on the DCE, and they were launched October 29, 2007
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Each DCE palm oil futures contract represents 10 tons of deliverable grade palm oil, which is defined in accordance with DCE Corn Delivery Quality Standard, and its last delivery date is set as the second day after the last trading day of the delivery month.[1]
Effective March 24, 2008 (the official website has not been updated yet), each DCE palm oil futures contract is subject to a margin rate equivalent to seven percent of contract value, up from the previous five percent (e.g., 7260.4 yuan = 10372 yuan [C901 last price on June 4, 2008] x 10 [tons/contract] x 7 percent) as well as a trading fee of no more than 6 yuan (RMB) / contract.
In the last two months in 2007, DCE palm oil futures traded 678,350 contracts and its turnover amounted to 59.2 billion yuan.
| DCE RBD Palm Olein futures | ||
|---|---|---|
| Exchange | Dalian Commodity Exchange | |
| Settlement | Physically delivered | |
| Trade Unit | 10 tons / contract | |
| Point Value | 10 yuan (RMB) | |
| Tick Value | 20 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 | P |
| Price Limits | N/A | 4% of Last Settlement Price |
References
- ↑ RBD Palm Olein. Dalian Commodity Exchange. Retrieved on June 4, 2008.
