DCE

Iron Ore InternationalizationIron Ore Internationalization 中文
  • 1
  • 2
  • 3
LLDPE Futures Contract of Dalian Commodity Exchange ("DCE")

Product

Linear Low Density Polyethylene (LLDPE)

Trading Unit

5 MT/Lot

Price Quote Unit

CNY/MT

Minimum Tick Size

5 CNY/MT

Daily Price Limit Range*

4% of last settlement price

Contract Months

Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec

Trading Hours

9:00 - 11:30 a.m., 1:30 - 3:00 p.m., Beijing Time, Monday to Friday, and other trading hours announced by DCE

Last Trading Day

The 10th trading day of the contract month

Last Delivery Day

The 3rd trading day after the last trading day

Deliverable Grades

LLDPE Delivery Quality Standard of DCE (F/DCE L003-2014)

Delivery Point

The delivery warehouses of LLDPE designated by DCE

Minimum Trading Margin*

5% of the contract value

Delivery Form

Physical delivery

Ticker Symbol

L

Listed Exchange

DCE

Note: DCE may adjust the daily price limit ranges and the trading margins of each contract according to market conditions. For details of current trading parameters of each contract, please see below website:

www.dce.com.cn/DCE/TradingClearing/Business%20Parameters/Trading%20Parameters/index.html

Disclaimer: This English translation may be used for reference only. In cases there is any discrepancy between the English version and the original Chinese version, the original Chinese version shall prevail. Dalian Commodity Exchange may change or update this English translation without any prior notice and shall accept no responsibility or liability for damage or loss caused by any error, inaccuracy, misunderstanding, or change with regard to this English translation.

LLDPE Delivery Quality Standard of Dalian Commodity Exchange("DCE") (F/DCE L003-2014)

1  Main content and applicable scope

1.1  The standard herein (the "Standard") stipulates the quality standards for LLDPE delivered at DCE.

1.2  The Standard applies to standard products delivered under the LLDPE futures contract of DCE.

2  Cited rules and standards

The provisions of the following documents are incorporated as the provisions of the Standard by reference. For those cited documents noted with dates, all of their following amendments (excluding corrections) and revised versions shall not be applied to the Standard; for those without noted dates, their latest versions shall be applied to the Standard.

GB/T 6678 General Rules for Sampling of Chemical Products

GB/T 6679 General Rules for Sampling of Solid Chemical Products

GB/T 11115 Polyethylene (PE) Resin

GB/T 1033.1 Plastics - Methods for Density Determination of Non-Cellular Plastics - Part 1: Immersion Method, Liquid Pyknometer Method and Titration Method

3  Terms and definitions

Subject to the relevant rules on terms and definition of GB/T 11115 and GB/T 1033.1 and their cited rules and standards.

4  Technical requirements

4.1  LLDPE shall be in granules with its natural color, with no impurities or black kernels.

4.2  The quality of LLDPE shall meet the quality requirements in Table 1.

Table 1: LLDPE Delivery Quality Standards

Item

Unit

Quality Requirements

Appearance of Granules

Polluted Granules

Number / Kg

≤40

Oversized / Undersized Granules

g/Kg

≤10

Melt Flow Rate

Nominal Value

g/10min

2.0

Deviation

g/10min

±0.5

Density

g/cm3

[0.915, 0.923]

Tensile Yield Stress

MPa

≥7.0

Nominal Tensile Strain at Break

%

≥ 200

4.2.1  The density of LLDPE shall range between [0.915, 0.923], and the deviation between the density and the nominal value shall not exceed 0.003 g/cm3.

5  Testing methods

5.1  Sampling requirements shall be subject to the rules of GB/T 6678 and GB/T 6679.

5.2  Quality standards (except density) inspection shall be subject to the rules of GB/T 11115.

5.3  Density is determined by immersion method which shall be subject to GB/T 1033.1.

6  Labeling, packaging and storage

6.1  Labeling

Labels for LLDPE products shall be clearly added to the packaging bags. The labels shall include the following information: trademark, manufacturer"s name, product standard number, product grade, batch number and net weight, product name (linear low density polyethylene, linear low density polyethylene resin, polyethylene, polyethylene resin, LLDPE, etc.).

6.2  Packaging

Products shall be packaged in the original manufacturer"s packaging bags or other recognized packaging bags by the original manufacturer, and the packaged product shall be in net weigh of 25 ± 0.2 kg per bag. Packaging materials shall be able to ensure that the product can be transported, piled and stored for many times without leaking or being contaminated, and shall be water-proof and dust-proof.

6.3  Storage

LLDPE shall be stored in warehouses that are well-ventilated, dry, clean and equipped with adequate fire safety facilities.  The materials shall be kept away from heat and direct sunlight, and shall be prohibited to store them in the open air.

7  Additional note

The Standard shall be subject to the interpretation of DCE.

Disclaimer: This English translation may be used for reference only. In cases there is any discrepancy between the English version and the original Chinese version, the original Chinese version shall prevail. Dalian Commodity Exchange may change or update this English translation without any prior notice and shall accept no responsibility or liability for damage or loss caused by any error, inaccuracy, misunderstanding, or change with regard to this English translation.

Contact Us| Disclaimer| Site Map| Search| Related Links
Address:No.129 Huizhan Road, Dalian 116023, China Tel:86-411-84807090Fax:86-411-84808530
©2016Dalian Commodity Exchange. All right reserved.