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PVC Futures Contract of Dalian Commodity Exchange ("DCE")

Product

Polyvinyl Chloride (PVC)

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

The SG5 Grade I products and high grade products satisfying the quality standards of the General Polyvinyl Chloride Resins by Suspension Method (GB/T5761-2006)

Delivery Point

The delivery warehouses of PVC designated by DCE

Minimum Trading Margin*

5% of the contract value

Delivery Form

Physical delivery

Ticker Symbol

V

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.

PVC Delivery Standard of Dalian Commodity Exchange ("DCE")

The standard products of polyvinyl chloride (PVC) shall be SG5 Grade I products satisfying the quality standards of the  Suspension Polyvinyl Chloride Resins of General Purposes  (GB/T5761-2006). High grade products are permitted to be delivered as the substitute products; and there shall be no premiums or discounts in grade between the high grade products and Grade I products.

For the PVC materials of DCE-recommended manufacturers and brands provided by the owner of the goods in accordance with the provisions of the Measures for Management of Standard Warehouse Receipts of No. 1 Soybean, No. 2 Soybean, Corn, LLDPE and PVC of Dalian Commodity Exchange may be exempted from quality inspection after examination and approval by a delivery warehouse. The enterprise qualifications and list of DCE-recommended PVC manufacturers and brands are determined and published by DCE.

The delivery warehouses designated for PVC shall be divided into standard delivery warehouses and other delivery warehouses located in Guangdong, Shanghai, Zhejiang, Jiangsu and other areas, and may be adjusted by DCE as the case may be. The list of the designated delivery warehouses and the premiums and discounts shall be determined and published by DCE.

The PVC products for delivery shall take the original manufacturer's packaging bags or other recognized packaging bags by the original manufacture. The packing bags shall be labeled with trademark, product name, product standard number, net weight, manufacturer's name and address as well as the product type.

The packaging materials shall be the kraft paper sacks with an internally laid plastic film bag, the polypropylene woven sacks and/or the compound sacks with the kraft paper and the polypropylene crochet, which shall procure that the products during normal carriage will not break and that the products will not be contaminated or leak. The net weight of each bag shall be 25±0.2 kilograms. Each ton shall have forty (40) bags, without calculation of any more or less thereof.

The price of the PVC packages shall be included in the PVC contract price.

Download: Suspension Polyvinyl Chloride Resins of General Purposes (GB/T5761-2006); Size: 354 KB; Read in Acrobat Reader 5.0 or above

 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.

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