DCE Linear Low Density Polyethylene
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.
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 2008, its first full year of trading, DCE LLDPE futures traded 26,505,964 contracts (+3,370.86 percent year over year) and its turnover amounted to 1,194.2 billion yuan (+2,287.06 percent year over year).
|DCE Linear Low Density Polyethylene futures|
|Exchange||Dalian Commodity Exchange|
|Contract Size||5 tons / contract|
|Pricing Unit||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||Electronic|
|Trading Hours||N/A||9:00 - 11:30 am., 1:30 - 3:00 pm.|
|Price Limits||N/A||4% of Last Settlement Price|
- LLDPE. Dalian Commodity Exchange.