Compared to beginning of May, the PP futures price movement saw DGCX PP July contract rallying from USD 1,444 to reach an intraday high of USD 1,590 per tonne in June. The premium to China futures (DCE) prices has soared to a high of USD 136 per tonne (Exclude the Duty and VAT) before cooling off to USD 89 per tonne as depicted on the "Price difference between DGCX and DCE Figure". Activities were also shown on DGCX PP September contract. On the China front, the DCE September contract moved upwards in tandem with the crude oil price. There were 6,170 tonnes being delivered for the May contract which expires on May 16, 2014. The CNY further strengthened from 6.2350 to a dollar two week back to 6.2100 to a dollar.
You can view the statistics since inception as well as a snapshot on the gross price comparison between DCE 1409 and DGCX 1407 in US dollar. The DGCX seeks your opinion on the proposed extension of trading hour to reflect coverage of European trading hours. Kindly send your feedback to meng.shu@dgcx.ae. |
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