当下最火爆的两个期货品种——焦煤、碳酸锂，7月25日都迎来了交易限额要求。 7月25日，根据交易所通知，焦煤期货主力2509合约单日开仓量不得超过500手，在焦煤期货其他合约上单日开仓量不得超过2000手；碳酸锂期货LC2509合 约上单日开仓量不得超过3000手。 焦煤、碳酸锂都要求交易限额 7月25日，大商所调整焦煤期货主力2509合约交易限额。大商所公告，经研究决定，自2025年7月29日交易时(即7月28日夜盘交易小节时)起，非期货公司会 员或者客户在焦煤期货JM2509合约上单日开仓量不得超过500手，在焦煤期货其他合约上单日开仓量不得超过2000手。 该单日开仓量是指非期货公司会员或者客户当日在单个合约上的买开仓数量与卖开仓数量之和。套期保值交易和做市交易的开仓数量不受上述标准限制。具 有实际控制关系的账户按照一个账户管理。交易所将根据市场情况对交易限额进行调整。 除了焦煤限额之外，广期所也当天发布公告称，自2025年7月28日交易时起，非期货公司会员或者客户在碳酸锂期货LC2509合约上单日开仓量不得超过3000 手。该单日开仓量是指非期货公司会员或者客户当日在单个合约上的买开仓数量与卖开仓数量 ...

| 交易品种 | 聚氯乙烯 | | --- | --- | | 交易单位 | ર 吨/吴 | | 报价单位 | 元(人民币)/吨 | | 最小变动价位 | 1 元/吨 | | 涨跌停板幅度 | 上一交易日结算价的 4% | | 合约月份 | 1、2、3、4、5、6、7、8、9、10、11、12月 | | 交易时间 | 上午 9:00-11:30,下午 13:30-15:00,以及交易所规定 | | | 的其他交易时间 | | 最后交易日 | 合约月份前一个月的最后 1个交易日 | | 交割日期 | 同最后交易日 | | 最低交易保证金 | 合约价值的 5% | | 交割方式 | 现金交割 | | 交易代码 | V 合约月份 F | | 上市交易所 | 大连商品交易所 | 图示大连商品交易所聚氯乙烯月均价期货合约。 ...

近日，证监会同意大连商品交易所线型低密度聚乙烯、聚氯乙烯、聚丙烯月均价 期货注册。证监会将督促大连商品交易所做好各项准备工作，确保线型低密度聚乙 烯、聚氯乙烯、聚丙烯月均价期货的平稳推出和稳健运行。 ...

证监会近日同意大连商品交易所线型低密度聚乙烯、聚氯乙烯、聚丙烯月均价期货注册。证监会将督促 大连商品交易所做好各项准备工作，确保线型低密度聚乙烯、聚氯乙烯、聚丙烯月均价期货的平稳推出 和稳健运行。 ...

Core Viewpoint - The Dalian Commodity Exchange (DCE) is advancing product innovation in futures and options, recently seeking market feedback on monthly average price futures contracts for linear low-density polyethylene (LLDPE), polyvinyl chloride (PVC), and polypropylene (PP) [1][2] Group 1: Monthly Average Price Futures Contracts - The newly proposed monthly average price futures contracts will be cash-settled, marking DCE's first introduction of cash-settled futures contracts [2] - The contracts will have the same trading unit, trading time, fees, margin, and price limits as the corresponding physical delivery futures contracts [1][2] - The average price futures contracts are designed to enhance the efficiency of the futures market in serving real enterprises and meeting diverse risk management needs [1][2] Group 2: Market Context and Historical Data - LLDPE, PVC, and PP are core products in the plastic chemical sector, with their market fluctuations closely tied to macroeconomic conditions, supply-demand dynamics, and policy directions [2] - The daily average trading volumes for these futures in 2024 are reported as 340,000 contracts for LLDPE, 1,060,000 contracts for PVC, and 340,000 contracts for PP, with average open interest at 510,000, 1,120,000, and 520,000 contracts respectively [2] - The participation rates of institutional clients in these futures trading are significant, with holdings accounting for 71% in LLDPE, 59% in PVC, and 72% in PP [2] Group 3: Future Developments - DCE has completed the rule design for the monthly average price futures contracts after extensive market research and feedback collection [3] - The exchange plans to refine the contracts and rules based on stakeholder feedback to ensure a smooth launch and operation of the new futures [3] Group 4: Broader Market Trends - The introduction of short-term commodity options in March 2023 has expanded the application scenarios for commodity options, with a total of 52 commodity options listed across various sectors [4] - The growth of the commodity options market has been steady since the launch of the first commodity option, soybean meal option, in March 2017, indicating increasing recognition of their value in risk management and investment [4] - Institutional investors are increasingly favoring commodity options for their flexibility and diverse trading strategies [4]