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On December 6, the fiberboard and the blockboard futures were officially listed and traded on Dalian Commodity Exchange (DCE) at the same time. On the first listing day, the two boards achieved a total transaction of 95,087 contracts (unilateral, the same below) and a turnover of RMB 4.64754 billion. Both the two products were brisk with the relatively consistent prices of spots and futures. As new products of a new field, the two boards presented a satisfactory performance on the market.
On the day, the unilateral transaction of the fiberboard amounted to 51,274 contracts with a turnover of RMB 1.87607 billion; the unilateral transaction of the blockboard reached 43,813 contracts with a turnover of RMB 2.77147 billion. The dominant contracts of the two boards were both the Contract 1405.
On the first listing day, the prices of the two boards futures showed a weak performance with obvious distinction between strong and weak products. The dominant fiberboard Contract 1405 opened at 74.8 with a high of 74.95 and a low of 71.8, and closed at 72.05, down by 3.95 points or 5.2%. The dominant blockboard Contract 1405 opened at 126.05 with a high of 129 and a low of 123, and closed at 125.85, down by 0.15 points or 0.12 percent.
From the perspective of the participation of the corporate clients on the day, the relevant enterprises located in the distribution centers of the two boards such as Guangdong, Zhejiang and Shandong were active in participation, which showed that the enterprises located in the regions have had appropriate understanding and recognition of the products.
