Dalian Commodity Exchange: RBD Palm Oil Delivery Spot Set In Guangzhou

The Dalian Commodity Exchange (DCE) recently disclosed delivery locations for RBD palm oil contracts. Tianjin, Shanghai and Guangzhou proper have been chosen, with Guangzhou being the base.

Guangzhou was chosen because of its proximity to Malaysia and Indonesia, and because RBD palm oil stored there will be influenced by other factors, so prices there reflect more accurate demand information, and correlate closer to the Bursa Malaysia's prices. Decision on the delivery spots was in line with the physical market flow, and will aid its operations.