Underlying Instrument

Polypropylene futures contract

Contract Type

Call option, put option

Trading Unit

One lot (5 MT) of polypropylene futures contract

Price Quote Unit


Minimum Tick Size

0.5 CNY/MT

Daily Price Limit Range

The same as the daily price limit range of polypropylene futures contract

Contract Months

January, February, March, April, May, June, July, August, September, October, November, December

Trading Hours

9:00 - 11:30 a.m., 1:30 - 3:00 p.m., Beijing Time, Monday to Friday, and other trading hours as announced by DCE

Last Trading Day

The 5th trading day of the month immediately preceding the delivery month of underlying futures contract

Expiration Date

The same as the last trading day

Exercise Price

The exercise price shall be in the range of the settlement price of the polypropylene futures in the last trading day ± (1.5 × daily price limit range of the same day)

If exercise price ≤ 5,000 CNY/MT, exercise price interval = 50 CNY/MT;

If 5,000 CNY/MT < exercise price ≤ 10,000 CNY/MT, exercise price interval = 100 CNY/MT;

If exercise price >10,000 CNY/MT, exercise price interval = 200 CNY/MT.

Exercise Style

American style. The options buyer can apply to exercise the options in the trading hours of any trading day prior to the expiration date, and before 3:30 pm on the expiration date.

Contract Symbol

Call option:PP - Contract Month - C - Exercise Price

Put option:PP - Contract Month - P - Exercise Price

Listed Exchange


Disclaimer: This English translation may be used for reference only. In cases there is any discrepancy between the English version and the original Chinese version, the original Chinese version shall prevail. Dalian Commodity Exchange may change or update this English translation without any prior notice and shall accept no responsibility or liability for damage or loss caused by any error, inaccuracy, misunderstanding, or change with regard to this English translation.

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