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Polypropylene Resin (PP) |
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Trading Unit |
1 ton |
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Quotation Unit |
Yuan (RMB)/ton |
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Minimum Price Fluctuation |
1 Yuan/ton |
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Trading Hours (All times listed are Beijing Time) |
Night Time:19：00 p.m.- 3：00 a.m. Morning Time: 9：00 a.m. - 11：30 a.m. Afternoon Time: 13：30 p.m. - 16：00 p.m. |
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Delivery Declaration Period (Beijing Time) |
16:00 p.m. – 16:15 p.m. of each trading day. |
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Intermediary Trader Declaration Period (Beijing Time) |
16:15 p.m. – 16:30 p.m. of each trading day. |
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Quality Standard |
Standard Products： Meet the requirements of BOCE’s the quality standards (made via pyrolysis).
Substitutes: Approved trademarks of polypropylene resin made by approved manufacturers. |
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Delivery Sites |
Designated Warehouses by the Exchange |
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Minimum Delivery Unit |
5 tons |
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Margin Requirement |
20% |
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Transaction Fee |
0.5‰ of transaction value |
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Delivery Fee |
5 yuan / ton |
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Delivery Method |
Physical delivery |
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Compensation Rate for Deferred Delivery |
0.6‰ of contract value per day
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Commodity Symbol |
BPPMM |
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Exchange Listed |
Bohai Commodity Exchange of Tianjin |
Annotation:
1. The above content constitutes the main contract specifications for the transactions completed by a buyer and a seller on the E-trading System of the Exchange.
2. The price limitations of first trading day are ±8% of the guide price; daily price limits are ±8% of the settlement price of the previous trading day.
3. Delivery Unit
The minimum delivery unit of polypropylene resin is 5 tons. The delivery volume should be an integer times 5 tons.
4. Quality Standards
1) BOCE Quality Requirements of Standard Products
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Examination Items |
Unit |
Quality Requirements |
Examination Methods |
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Melt Flow Rate (MFR) |
g/10min |
3.00±0.50 |
GB/T3682-2000 |
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Isotactic Index |
％ |
≥96.0 |
GB/T2412-2008 |
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Ash Content（Mass Fraction） |
% |
≤0.030 |
GB/T9345.1-2008 |
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Tensile Yield Stressδy |
MPa |
≥30.0 |
GB/T1040.1-2006 |
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Elongation at BreakδB |
MPa |
≥16.0 |
GB/T1040.1-2006 |
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Nominal tensile Strain at BreakεtB |
% |
≥150 |
GB/T1040.1-2006 |
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Particle
Appearance |
Color Particle、Black Particle |
Unit/Kg |
0 |
SH/T1541-2006 |
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Big Particle and Small Particle |
g/Kg |
≤100 |
SH/T1541-2006 |
2) Substitutes must meet the quality requirements of corresponding approved trademarks of corresponding approved manufacturers.
3) The polypropylene resin referred in each Registered Warehouse Receipt shall be produced by the same manufacturer. All products in each Receipt should be same trademark, same batch, and same grade.
4) The polypropylene resin which has been produced for more than 12 months is not qualified for physical delivery.
5) The standard package of the polypropylene resin is 25 kg/pack. Surplus or shortage is not taken into account.
5. Approved Manufacturers
The polypropylene resin intended for physical delivery shall be made by approved manufacturers. The approved manufacturers, the specific trademarks, and the standards of premiums and discounts shall be provided by the Exchange.
6. Designated Warehouses
The designated warehouses and the standards of premiums and discounts of geographical differences shall be otherwise published by the Exchange.
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BCO