Amendments to PVC futures contracts and related rules announced by large manufacturers

The Dalian Mercantile Exchange yesterday announced the relevant implementation rules approved by the SFC and endorsed by the Board of Directors of the Securities and Futures Commission for approval and filing with the SFC. According to the final PVC futures contract released yesterday, the standard products are in accordance with the national standard "suspension of general-purpose polyvinyl chloride resin (GB/t 5761-2006)" SG5 type first-class products and excellent products.　　The minimum trading margin of PVC futures is 5% of the contract value, trading unit is 5 tons/hand, the minimum change price of 5 yuan/ton, the daily price fluctuation is limited to the last session settlement Price ±4%, the contract delivery month is 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, December. Reporters from the big business issued the implementation of the amendments to the relevant rules found that there are several aspects of the change: first, in the Dalian Mercantile Exchange Trading rules Amendment "yellow soybean 1th, yellow soybean 2nd, soybean meal, soybean oil, palm oil, linear low-density polyethylene, polyvinyl chloride contract orders each time the largest number of orders for 1000 hands,　　Corn contract Trading Orders each time the largest number of orders for 2000 hands "in addition to the" PVC "futures varieties. Secondly, the contents of the amendment to the Dalian Mercantile Exchange for delivery rules include: 68th, the current standard of polyvinyl chloride standards for quality standards in line with the national standard "suspension of general-purpose polyvinyl chloride resin (GB/t 5761-2006)" SG5-type first-class products. Excellent products as a substitute for the delivery, the first-class goods and products between the grade of a rise of water; 69th, the introduction of PVC delivery recommended brand system, the recommended brand of PVC shippers need to provide the relevant materials, after the delivery Warehouse audit agreement, can be exempt from quality inspection. Recommended manufacturers recommended brands of enterprise qualification and directory by the Exchange to determine and publish; 70th, PVC designated delivery warehouse is divided into the base delivery warehouse and the non-benchmark delivery warehouse, respectively, located in Guangdong Sheng Shanghai, Zhejiang Sheng Jiangsu Province, etc., the Exchange can adjust the designated delivery warehouse. The designated delivery warehouse directory and the litre water shall be determined and disclosed by the exchange; 71st, the PVC delivery product requires the use of the original manufacturer or its approved packaging, the bag should be marked trademarks, product name, product standard number, net quality, production plant name and address, and identify the product model. Packaging materials for the lining of plastic film bags of kraft paper bags, polypropylene woven bags or Kraft paper and polypropylene preparation compound bag, should ensure that the product in normal storage and transportation packaging is not damaged, the product is not contaminated, do not leak. The net weight of each bag is 25±0.2kg, 40 bags per ton, no overflow short. 72nd, polyvinyl chloride packaging prices included in the price of polyvinyl chloride contract, 73rd, linear low-density polyethylene, PVC delivery fee of 2 yuan/ton, sampling and inspection fees to impose the highest price, made and published by the Exchange; 76th line, linear low-density polyethylene,　　The standard for polyvinyl chloride storage charge is 1 yuan/ton days. Third, in the Dalian Commodity Exchange Risk management measures amendment, "yellow soybean No. 1th, yellow soybean 2nd, soybean meal, soybean oil, palm oil, corn, linear low-density polyethylene, polyvinyl chloride, "the minimum transaction margin, in the near delivery period of the transaction margin of the standard, the change in the range of Stop plate, position limit and other provisions have increased the" PVC "words. Finally, the "linear low-density polyethylene, polyvinyl chloride standard warehouse form project" added "the test method of PVC delivery Products" in the "product line for the production of polyvinyl chloride-type LDPE and PVC standards warehouses" in "Dalian Commodity Exchange Yellow Soybean No. 1th, yellow soybean 2nd, corn, linear low-density polyethylene, PVC standard warehouse list" 5761-2006 in the 5th of the test method implementation, sampling rules required to comply with GB/T 6679-2003 solid Chemical products sampling general rules. "" The domestic production of polyvinyl chloride application for registration of standard warehouse, the date of registration from the production date must not exceed 120 (including 120) a natural day.　　"" "overseas production of polyvinyl chloride application for registration of standard warehouse, the date of registration from the commodity" Import goods Declaration "Import date (or" entry date ") shall not exceed 120 (including 120) a natural day" and other provisions. " The relevant person in charge of the big business said that the amendment to the relevant implementation rules is mainly aimed at adjusting the listed PVC.　　In addition, in order to adapt to the new changes in the linear polyethylene market, the Dalian Commodity Exchange Delivery Rules Amendment 76th on the linear low-density polyethylene storage fee adjustment, linear low-density polyethylene storage fee will be adjusted from 0.6 yuan/ton days to 1 yuan/ton days, since October 1, 2009. The notice also states that the amendments to the relevant regulations on polyvinyl chloride shall be implemented from the date on which the futures contract is listed.