聚丙烯月均价期货的交易品种是什么

Core Viewpoint - The article discusses the introduction of polypropylene monthly average price futures on the Dalian Commodity Exchange, highlighting its innovative features and benefits for market participants [2] Group 1: Contract Details - The trading variety of the polypropylene monthly average price futures is explicitly stated as "polypropylene" [2] - The contract is designed to settle based on the arithmetic average of all trading day settlement prices in the month prior to the delivery period, rather than a single closing price [2] - The contract employs a cash settlement mechanism, where the exchange directly pays the profit and loss difference based on the monthly average price at expiration, eliminating the need for physical delivery [2] Group 2: Benefits and Parameters - This innovative design smooths out the impact of daily price volatility, aligning more closely with the commercial practice of "monthly average" settlements in spot trading [2] - The contract parameters include a trading unit of 5 tons per lot, a quotation unit in RMB per ton, a minimum price fluctuation of 1 RMB per ton, and a price limit of 4% based on the previous trading day's settlement price [2] - The introduction of this futures contract is expected to lower storage and logistics costs while improving capital efficiency, thereby attracting more financial institutions and investors [2]