DCE RBD Palm Olein

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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 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, 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 2008, its first full year of trading, DCE palm oil futures traded 12,604,956 contracts (+1,758.18 percent year over year) and its turnover amounted to 866.4 billion yuan (+1,363.04 percent year over year).

DCE Monthly Volume by Product.JPG


DCE RBD Palm Olein futures
Exchange Dalian Commodity Exchange
Settlement Physically delivered
Contract Size 10 tons / contract
Pricing Unit 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 Electronic
Trading Hours N/A 9:00 - 11:30 am., 1:30 - 3:00 pm. Beijing time
Ticker Symbol N/A P
Price Limits N/A 4% of last settlement price (temporarily 5%)

Contract Volume

In 2014, the volume of DCE palm olein futures traded ranked fifth among all agricultural futures and options contracts according to the FIA.

Year Total Annual Volume Percent Change
2014 79,996,388 (-)3.0%
2013 82,495,230 --

References

  1. RBD Palm Olein. Dalian Commodity Exchange.