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China approved the trading of RBD Palm Oil futures in Dalian Commodity Exchange (DCE), the China Securities Regulatory Commission said on its Web site on October 8. This would be the fourth futures product launched in China's commodity market this year after zinc, rapeseed oil, and Linear Low density Polyethylene.
The Dalian exchange has finished the preparation work related to the futures contract and may begin trading the product in the near future, the commission said.
The Dalian exchange has finished the preparation work related to the futures contract and may begin trading the product in the near future, the commission said.
| Product | RBD Palm Oil |
| Trading Unit | 10MT/Contract |
| Price Quote | RMB Yuan/MT |
| Tick Size | 2 Yuan/MT |
| Daily Price Limit | 4% of Last Settlement Price |
| Contract Months | Monthly contracts(12 contracts in a year) |
| Trading Hours | 9:00 - 11:30 am., 1:30 - 3:00 pm. Beijing Time, Monday - Friday |
| Last Trading Day | 10th Trading Day of the Delivery Month |
| Last Delivery Day | Second Day after the Last Trading Day of the Delivery Month |
| Deliverable Grades | DCE RBD Palm Olein Delivery Quality Standard |
| Delivery Location | The Warehouses Appointed by DCE |
| Minimum Trading Margin | 5% of the Contract Value |
| Trading Fee | No more than 6 Yuan/Contract |
| Delivery Form | Physical Delivery |
| Ticker Symbol | P |
