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Shoe Material PVC Simulation Of The Successful Completion Of The Listing Paction

2009/4/2 17:44:00 42027

"There is no problem with the whole test, which indicates that the preparatory work for PVC is ready at the technical level."

Yesterday, the head of the Dalian commodity exchange told reporters that the networking system of PVC trading system was successfully completed on the morning of March 21st.

PVC (PVC) code is "V". There are 9 contracts, namely: v0907, v0908, v0909, v0910, v0911, v0912, v1001, v1002, V1003.

PVC is an important organic synthetic material, widely used in shoe making materials, artificial leather, cables, pipes and so on.

In 2007, China's PVC output was about 9 million 700 thousand tons, and its apparent consumption exceeded 10 million tons. China has become the largest PVC producer and consumer in the world, with capacity accounting for 1/4 of the world's total.

The test lasted from 9 a.m. to 11 a.m., and all the members arranged for the representatives of the trading hall, the remote trading system and the clearing system to take part in the test.

This is the second test trading system for PVC futures in February 27th.

According to the relevant person in charge, after the first test, some members did not do well in cleaning up the application system log, and the test was simulated on the normal trading day.

Like the first test, the minimum change price of the test PVC is 5 yuan / ton, and the contract trade volume is 5 tons / hand.

The draft contract shows that the fluctuation rate is 4% of the settlement price of the previous trading day, the margin is 5%, the service fee is not more than 6 yuan / hand, the contract month amounts to 12, the tenth trading days of the contract month are the last trading day, and the final delivery date is second trading days after the last trading day, and the delivery method is physical delivery.

Early market participants predicted that PVC futures could be listed in the first half of the year.

The successful completion of the test is another positive sign that PVC is expected to be listed in the near future.

Before the test, reporters were informed that the PVC listing date is likely to be scheduled for April.

Da Shang said that the PVC industry chain is very long, and there are more than 1 enterprises in production, trade and consumption.

The price fluctuation is bigger and the business risk is bigger.

In the current financial crisis's impact on the real economy and the price fluctuation of related products, DAC hopes to provide the enterprises with expected price and hedging tools through early listing.

The PVC futures listing will enrich the petrochemical product chain with the LLDPE futures varieties, further enhance the influence of big business in the petrochemical industry, and promote the strategic pace of the big business pformation from the agricultural products exchange to the comprehensive exchange.