The liquefied petroleum gas futures contract will be listed and traded on Monday, March 30th, 2020. The handling fee for the transfer of standard warehouse receipts for liquefied petroleum gas futures is 1 yuan/ton. After the settlement of each trading day, the exchange will announce the relevant trading volume and positions of LPG futures contracts. The storage fee for liquefied petroleum gas is set at 1 yuan/ton/day. At the initial stage of listing of LPG option contract, the company only provided limit orders and stop-loss (profit) orders. The maximum order quantity of each transaction order in LPG option contract is the same as that in LPG futures contract, that is, 1 0,000 lots.
Offshore Oil Yangjiang Industrial Co., Ltd., Dongguan Jiu Feng Energy Co., Ltd., Guangzhou Hua Kai LPG Co., Ltd., Jiangmen Xinjiang Gas Co., Ltd., Zhejiang Products Chemical Group Co., Ltd. and Wanhua Chemical (Yantai) Petrochemical Co., Ltd. designated delivery warehouses for LPG futures. The first batch of listed trading contracts for LPG quality inspection machines designated by Tongbiao Standard Technical Service Co., Ltd. are PG201,PG20 12, PG2 10 1, PG2 102.
The benchmark price of each contract is as follows: PG20 1 1 contract 2600 yuan/ton; PG20 12 contract 2600 yuan/ton; PG2 10 1 Contract 2600 Yuan/ton; PG2 102 contract is 2600 yuan/ton; PG2 103 contract is 2600 yuan/ton.
On the first day of listing, the trading margin level of LPG futures contracts is 8% of the contract value, and the price limit is 14% of the benchmark price. If the transaction is completed, the trading margin shall be 8% of the contract value from the next trading day, and the price limit shall be 7% of the settlement price of the previous trading day; If there is no contract, the next trading day will continue to be executed according to the trading margin level and the price limit range of the first day of listing. Other provisions on the level of trading margin and the range of price limit shall be implemented in accordance with the Measures for Risk Management of Dalian Commodity Exchange.