
Polypropylene
5 metric tonnes per contract
General Purpose Fibre (raffia) extrusion grade
Parameter | Test Method | Values |
Melt Flow Rate(g/10Min 230C/2.16 kg) | ISO 1133 | 2.5-4.0 |
Tensile Yield Stress | ISO 527 | 29 Minimum |
FDA Status | 21CFR 177.1520 (c) 1.1 | Compliant |
EU Food Contact Status | EU Directive 2002/72/EC and its amendments | Compliant |
Up to 12 calendar months at any one time
Monday through Friday
10th Trading Day of the Delivery Month
First Trading Day after the Last Trading Day
7am - 1pm Dubai Time
EFS, EFP, Block trade facilities available with minimum permitted block size of 50 lots
USD per MT
USD 1.00
USD 5.00
Calendar Spread of Jan-May, May-Sep and Sep-Jan will be available for trading
Compulsory Delivery. In Multiples of 5 Trading lots on both Buyers and Sellers. Note 1*
In warehouse (INWH), Duty unpaid at DGCX Approved Warehouse Delivery at Seller's option
1st Trading Day of the Delivery Month
Two Business Days after Notice Day
No Limit Note 2*
USD250 (subject to change from time to time by the DCCC)
10 times of the Initial Margin
100% benefits is offered on calendar spread positions
Warrant
Last Day of Trading
During the Notice Day, Sellers must submit Delivery Notice, indicating:
Each Delivery Unit shall consist of no more than 2 production batches
PP must have been produced no more than 17 months prior to the Delivery Day and arrived at the Approved Warehouse for no longer than 6 months after production date
Prior to 0600 hrs on the Business Day following the Notice Day(s), the DCCC notifies both Seller and Buyer of their matching, stating the allotted quantities specific grades (and theoretical weights), Settlement Value, Delivery location, and Delivery Day.
One Business Day after the Notice Day(s); prior to 1200 hrs Dubai time, DGCX prompts Sellers of the necessity to acquire valid Warrant against their positions
Prior to 1200 hrs, the DCCC can be advised of an ADP
Prior to 1200 hrs on the Delivery Day, Seller transfers warrant for delivery to the designated delivery Account
The amount invoiced to the Buyer is basis nominal (Unit: 25 tonnes)
Prior to 1200 hrs on Delivery Day, Buyer makes payment of the Provisional Settlement Value, adjusted to cater for release of Delivery Margin
The amount paid to the Seller based upon the actually delivered quantity
After 1500 hrs on the Delivery Day, DCCC transfer endorses Warrant in favor of Buyer
After 1500 hrs, DCCC makes payment to Seller
On the Delivery Day after 1500 hrs any difference between the Provisional Settlement Value and the Settlement Value is reimbursed to the Buyer
Note 1*: The delivery will be in multiple of 5 lots. Open positions less than Delivery Units on both sellers and buyers will be financially settled using the Final Settlement Price. Should one side fulfil the minimum Delivery Unit while the counterparty did not meet the minimum Delivery Unit, it will be financially settled using the Final Settlement Price.
Note 2*: There will be no limits on intra-day price movements, however to restrict data-entry errors the system will not allow entry of orders having prices higher or lower than US$50 as compared to the previous closing price. Exchange shall relax the intra-day price range for the prices of the contract approaching the US$50 limit