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Dalian Commodity Exchange (DCE)

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Dalian Commodity Exchange (DCE)

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Dalian Commodity Exchange (DCE), founded on February 28th, 1993, is one of the four futures exchanges in China and the only futures exchange in Northeast China. Approved by the China Securities Regulatory Commission (CSRC), DCE offers a wide range of futures products including corn, No. 1 soybeans (non-gmo), No. 2 soybeans (gmo), soybean meal, soybean oil, RBD palm olein, linear low density polyethylene (LLDPE) , polyvinyl chloride (PVC) and coke.

Over the past 18 years, with its sound operation and quick growth, DCE has become an important futures exchange in China. In 2006, DCE entered a period of rapid development as volumes sky-rocketed. Trading volumes in 2007, 2008 and 2009 were 371 million contracts, 638 million contracts and 834 million contracts respectively, while the turnover was 11.92 trillion RMB, 27.49 trillion RMB and 37.64 trillion RMB respectively. In 2008, DCE ranked 10th among 54 exchanges worldwide in terms of trading volume making DCE the largest agricultural commodity exchange in Asia and the second largest globally. Trading volume remained steady in 2010 with over 806 million contracts traded valued at 41.70 trillion RMB.

As 2010 drew to a close, DCE's member companies reached 188, its designated delivery storage facilities amounted to 83 and it attracted 1,200,000 investors from 28 provinces. DCE has been playing an important role in commodity price discovery, protecting the interests of farmers by offering risk management tools and providing guidance for agricultural production and distribution. DCE is also contributing to the construction of Dalian into a regional financial center and an important international shipping hub in Northeast Asia.

In August 2007, the State Council approved the "Plan to Revitalize Northeast China", in which the development of the futures markets is a fundamental building block. DCE has an important role to play in the construction of a vibrant futures industry in China and a prosperous Northeast China. DCE is taking great efforts to realize its goals and become a leading futures exchange in Asia.

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