PVC
 

Product

Polyvinyl Chloride (PVC)

Trading Unit

5MT/Contract

Price Quote

CNY/MT

Tick Size

5 CNY/MT

Daily Price Limit

4% of last settlement price

Contract Months

Monthly contracts (12 contracts per year)

Trading Hours

9:00 - 11:30 am, 1:30 - 3:00 pm Beijing Time, Monday - Friday

Last Trading Day

10th trading day of the delivery month

Last Delivery Day

2nd day after the last trading day of the delivery month

Deliverable Grades

The quality meets the SG5 standard for top-grade and excellence specified by the "Suspension Method General Polyvinyl Chloride (GB/T 5761-2006)"

Delivery Location

The warehouses appointed by the DCE

Minimum Trading Margin

5% of the contract value (temporarily 7%)

Trading Fee

No more than 6 CNY/contract

Delivery Form

Physical delivery

Ticker Symbol

V

PVC Delivery Standards

Standard PVC quality standards are in line with the national standard outlined in "The General-Purpose PVC Resin Suspension Method (GB / T 5761-2006)" for SG5 first-class products.  High-class products may be substituted for first-class products for delivery, and there are no premiums or discounts for either class.

DCE-recommended PVC manufacturers and brands should be able to provide materials stipulated in "The DCE No.1 Soybeans, No.2 Soybeans, Corn, LLDPE and PVC Standard Warehouse Receipt Management Measures," and after examination and approval a warehouse may be exempted from quality inspection.  The enterprise qualifications and list of DCE-recommended PVC manufacturer and brands is determined and published by the DCE.

DCE-appointed PVC delivery warehouses are categorized as benchmark and non-benchmark warehouses, and they are located in Guangdong, Shanghai, Zhejiang, Jiangsu and other areas.  The DCE may adjust the specified delivery warehouses as it deems appropriate. 

Products should be packaged in the original manufacturer's or other authorized packaging, and the packaging should be clearly labeled with the trademark, product name, product standard number, net weight, manufacturer's name, manufacturer's address, and product model.

Packaging materials should be lined with a kraft paper bag, polypropylene bag, or a kraft paper/ polypropylene combination bag, and they should guarantee that the packaging is not damaged during normal transportation or storage, that the product does not become contaminated, and that there is no leakage.  The net weight of each package should be 25 \ 0.2kg, 40 packages per ton, and there should be no overflow or shortage. 

The cost of the packaging should be included in the PVC contract price. 


Trading History

PVC (Polyvinyl Chloride) contracts began trading at the DCE on May 25th, 2009.

Year

Volume*

YOY Increase

2009

36,157,324

-

*  Volume = # of contracts (bilateral)

 
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