| Exchange |
Dalian Commodity Exchange (DCE) |
| Type |
Commodity |
| Underlying |
Soybean Meal |
| Currency |
Renminbi (RMB) |
| Contract Size |
10 Metric Tonnes |
| Tick Size |
1.0 |
| Tick Value |
10 RMB |
| Pre-Open 1 |
|
| Trading Session 1 |
09:00- 11:30 |
| Pre-Open 2 |
|
| Trading Session 2 |
13:30 - 15:00 |
| Pre-Open T+1 |
No T+1 Session |
| Trading Session T+1 |
No T+1 Session |
| Last Trading Day |
10th Trading Day of the Delivery Month |
| Last Delivery Day |
4th Day after the Last Trading Day of the Delivery Month |
| Final Settlement Price |
|
| Settlement Type |
Physical |
| Deliverable Grade |
Soybean Meal quality must have a moisture level less than 13.1%. Contain less than 7.1% Crude Fiber. Crude Protein must exceed 43%. Ash Content can not exceed 7%. |
| Delivery Location |
The Warehouses Appointed by the Dalian Commodity Exchange |
| Contract Months |
January, March, May, July, September, November |
| First Trading Day |
|
| Position Limit |
|
| Initial Margin (outright) |
5% of the Contract Value |
| Maintenance Margin (outright) |
5% of the Contract Value |
| Clearinghouse Margin (outright) |
|
| Listed Spread |
No |
| Initial Margin (spread) |
|
| Maintenance Margin (spread) |
|
| Clearinghouse Margin (spread) |
|
| Daily Price Limit |
4% of Last Settlement Price |
| Options |
No |
| Exchange Symbol |
M |
| Reuters Symbol |
|
| Bloomberg Symbol |
|
| ISIN Symbol |
|
| SEDOL |
|
| Notes |
|
