纯苯期货和期权将于7月8日在大商所上市交易

Core Viewpoint - The Dalian Commodity Exchange (DCE) announced the listing of pure benzene futures and options, set to commence trading on July 8, 2025, with specific contract details and trading rules provided [1][2]. Futures Summary - The first batch of pure benzene futures contracts includes BZ2603, BZ2604, BZ2605, and BZ2606, with a trading unit of 30 tons per contract and a minimum price fluctuation of 1 yuan per ton [1]. - The trading months for the futures contracts span from January to December, with the last trading day being the fourth trading day before the end of the contract month [1]. - The price limit for futures is set at 4% of the previous day's settlement price, with an initial higher limit of 7% for the early trading phase [2]. Options Summary - The first batch of pure benzene options contracts will be based on the aforementioned futures contracts, maintaining consistency in trading units and price limits [4]. - The options will be American-style, with exercise prices covering a range based on the futures price limits [4]. - The minimum price fluctuation for options is set at 0.5 yuan per ton, which is half of the futures contract's minimum fluctuation [4]. Delivery Standards - The delivery quality standards for pure benzene futures are based on the latest national standards (GB/T3405-2025), ensuring a stable and sufficient supply for delivery [3]. - The delivery method will include both factory storage and warehouse delivery, accommodating various delivery types [3]. Risk Management Measures - The DCE has implemented strict position limits to prevent market manipulation, with varying limits based on the total open interest [2]. - The trading fees for pure benzene futures are set at 0.01% of the transaction amount, while the hedging fee is lower at 0.005% [2]. Additional Information - The DCE will provide further details regarding the benchmark price, delivery areas, and designated quality inspection institutions prior to the listing [5]. - All relevant parties are advised to prepare for the upcoming listing of pure benzene futures and options, ensuring market stability [6].