Notice on adjusting the premium of corn starch designated delivery warehouse
All designated delivery warehouses and member units:
After research, we have decided to adjust the premium of the designated delivery warehouse for corn starch varieties, and we are hereby notified as follows:
1. COFCO Bio-Energy (Longjiang) Co., Ltd. was adjusted as a non-benchmark designated delivery warehouse, and the premium with the benchmark designated delivery warehouse was adjusted to -70 yuan/ton;
II. The benchmark of the designated delivery warehouse of Heilongjiang Longfeng Corn Development Co., Ltd. is adjusted to -70 yuan/ton.
The adjustment of premium and discount for the above-mentioned designated delivery warehouse has been implemented since August 1, 2065438.
Dalian commodity exchange
August 25, 1965 438+07
Futures delivery premium: Futures premium can refer to the price relationship between spot and delivery month, the price relationship between substitute delivery and standard delivery in physical delivery, and the price relationship between different delivery places of commodities.
The premium between delivery places refers to the price relationship of the same commodity in different delivery places. Futures exchanges usually specify a benchmark delivery location. If the goods are delivered elsewhere, the insurance premium will be increased according to the benchmark delivery location. Usually, the design of premium standard between delivery places is mainly based on the transportation cost between the two delivery places and the local production level.
At present, the exchange has done a good job in this link, and the standard of premium and discount is reasonable. The recently discussed LME aluminum delivery premium can also be classified into this category. But the premium problem behind LME aluminum industry is more complicated. Among them, the long delivery time leads to spot shortage, which is an important reason for the premium.
The premium for futures delivery can be divided into four categories: one is the premium between spot price and futures price; Second, the premium between alternative delivery and standard delivery; Third, the premium of cross-year delivery; Fourth, the premium between different delivery places.