Thursday, 5 December 2013

The Danger of Dalian Palm Oil Settlement Prices

This was found in the news quoted in Telequote system provided by Dow Jones Newswire about Palm Oil Futures and Soybean Oil Futures on Dalian Commodity Exchange:

Take a look at the May contract month closing price and the settlement price as shown at the above table. The most active contract month on palm oil futures, MAY, was closed 6160 but settled 6232 with a gap of 72 yuan in just a short period of time. It was basically closed down 80 yuan before it final settled down 8 yuan only. The soybean oil futures had shown similar price movement.