Mini-Polypropylene Futures

Polypropylene Futures (PP)

Underlying Polypropylene (PP)    
Contract Symbol DPPMM    
Contract Size 5 tonnes per contract    
Contract Size General Purpose Fibre (Raffia) extrusion graderaffia    
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
Dubai World Central or Jebel Ali Free Trade Zone Delivery    
Material must be free from contaminants and consistent with industry best practice    
Material must be free flowing clean cut pellets suitable for use in both volumetric and gravimetric feeders    
Without Additives other than the producer’s standard anti-oxidant and acid neutralizer package    
Price Quote USD per tonne    
Minimum Tick Size USD 1.00    
Minimum Tick Value USD 5.00    
Price Basis In warehouse (INWH), duty unpaid at DGCX Approved Warehouse delivery at seller's option    
Delivery Months Up to 12 calendar months at any time    
Trading Days Monday through Friday    
Trading Hours 0700- 1500hours Dubai Time    
Last Day of Trading Three Trading Days Prior to the Delivery Month    
Wholesale Trades EFS, EFP, Block trade facilities available with minimum permitted block size of 50 lots    
Time Limit for EFP/EFS/Block Trade Registration Up to 15 minutes after cessation of trading on any Trading Day    
New Contract Listing Business Day immediately following the Last Trading Day    
Risk Management
Daily Price Movement Limit No Limit, Note 1*
Initial Margin based on SPAN USD 200 (subject to change from time to time)
Calendar Spread Margin 100% benefit is offered on calendar spread positions
Maximum Open Position Limit As determined by the Exchange from time to time
Maximum Order size 200 Contracts
Delivery
Delivery Type Financial Settlement
Final Settlement Price The Final Settlement Price Methodology shall be derived from the conditions listed below on the underlying 25MT contract:
(a) Value Weighted Average Price (VWAP) of all trades executed in last 10 minutes of the Last Trading Day
(b) If no trades have been executed in the last 10 minutes, the VWAP of last 15 trades executed during the Last Trading Day provided 15 trades are executed
(c) If 15 trades have not occurred, the VWAP of all trades executed during the Last Trading Day
(d) Where there are no trades executed during Last Trading Day, the price midway between outright bids and offers during the last 10 minute period

Note 1*: 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 Close Price. Exchange shall relax the intra-day price range for the prices of the contract approaching the US$50 limit