Dalian Commodity Exchange: Palm Oil Futures Trading May Start This Year

The palm oil futures contact may begin trading on the Dalian Commodity Exchange this year given the intense preparation underway. The contract may become the second new offering this year by the exchange after the LLDPE, and may also be the fourth futures product introduced this year in China.

The exchange has applied to the China Security Regulatory Commission(CSRC) last year to offer palm oil futures. Applications to trade new futures contracts must first be approved by the commission and be consulted with authorities in the State Council, according to the newly issued regulations on managing futures trading.