Top Chinese exchange by volume has moved to a three-day delivery mechanism
China’s top commodity exchange has revised its
delivery mechanism to tackle the problem of uncertainty around
the location of delivery, marking the latest move by a
commodities market to address frustration over warehousing
Dalian Commodity Exchange said in a statement it has
introduced a new "three-step delivery" method for its August
contracts in four products -- blockboard, fibreboard, coke and
LLDPE, a polymer used in plastic bags.
DCE said the new approach effectively moves clients from the
previous one-step model of "delivery and payment at the same
time" to a three-step process of "delivering, selecting and
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