Dalian Commodity Exchange RBD Palm Oil Contract Regulation And Details

The Dalian Commodity Exchange(DCE) yesterday released regulations on the trading of RBD palm oil futures and other relevant details.

The contract code is P. Each contract represents 10 tons, and the minimum tick will be 2 yuan a ton. Daily trading limit is 4 percent of the previous day's settlement price. There is one contract for every of the 12 months. The last trading day will be the tenth trading day of the contract month, while delivery date is set on the second trading day after the contract's ending date. The margin is set at 5 percent, with commission not to exceed 6 yuan per deal. The delivery format will be physical exchange. The exchange has set both base and non-base exchange warehouse, located in Guangdong, Shanghai, Zhejiang, Jiangsu and Tianjin.