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What is futures pp?
According to the notice issued by Dashang yesterday, the first ten PP futures contracts listed are PP/KOOC-0/405, PP/KOOC-0/406, PP/KOOC-0/407, PP/KOOC-0/408, PP/KOOC-0/409 and PP/KOOC-0 respectively. For PP 150 1 and PP 1502, the benchmark price of each contract is 10500 yuan/ton. The trading unit of PP futures contract in Dashang Institute is 5 tons/lot, the minimum change price is 1 yuan/ton, and the minimum trading margin is tentatively set at 5% of the contract value. The first day of listing of the new contract is limited to 8% of the benchmark price. The transaction fee of PP futures contract is 0.5 ‰ of the contract value, and the transaction fee of the same contract on the same day is charged at 0.25 ‰ of the contract value after opening. According to the benchmark price announced by Dashang and the margin ratio of 10% (including the part collected by futures companies), investors need about 5200 yuan for each hand of PP futures contracts, which is similar to LLDPE futures. PP and LLDPE are among the top five general plastics, and the trading unit of both futures contracts is 5 tons/lot, but it is worth noting that the lowest fluctuation price of PP futures contract is 1 yuan/ton, while the lowest fluctuation price of LLDPE futures contract is 5 yuan/ton; In terms of handling fees, PP futures are charged according to a certain proportion of the transaction amount, while LLDPE futures are charged according to the fixed value of each lot of 5 yuan.

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