大连商品交易所三个化工品月均价期货将于本月底上市

Core Viewpoint - The Dalian Commodity Exchange (DCE) is set to launch monthly average price futures for three chemical products: linear low-density polyethylene (LLDPE), polyvinyl chloride (PVC), and polypropylene (PP) on October 28, marking a significant development in China's commodity futures market [1][2]. Group 1: Product Launch Details - The monthly average price futures will be traded starting at 21:00 on October 28, with a trading unit of 5 tons per contract and a minimum price fluctuation of 1 yuan per ton [1]. - The contracts will cover months 1 to 12 and will align with corresponding physical delivery futures contracts, facilitating market participants' understanding [1]. Group 2: Market Impact and Innovations - The introduction of these futures fills a gap in domestic average price risk management tools and features an innovative cash settlement mechanism, enhancing the chemical industry's ability to conduct long-cycle trades [1][3]. - The DCE aims to create a complementary relationship between the new monthly average price futures and existing physical delivery futures, thereby improving the overall ecosystem of chemical derivatives and increasing the international influence of Chinese chemical prices [3]. Group 3: Trading and Regulatory Framework - On the first trading day, contracts for the months 2602, 2603, and 2604 will be listed, with the base price set according to the settlement price of the corresponding physical delivery futures on October 28 [2]. - The DCE has outlined various operational details, including application fees, margin requirements, and trading limits, while also preparing for the inclusion of these contracts in the range of tradable products for qualified foreign investors [2].