China's Dalian Commodity Exchange (DCE) recently announced to adjust premiums of the corn transaction warehouses.
To be specific, premiums of the Ying Kou Port Group and the benchmark designated transaction warehouses will be adjusted to 0 yuan/metric ton (tonne), while those of the Jinzhou Port and the benchmark designated transaction warehouses will be adjusted to minus 5 yuan/tonne.
Premiums of the Liaoning Jinzhou Jinyang National Grain Reserves (Transit) Warehouse and the benchmark designated warehouses will be adjusted to minus 15 yuan/tonne.
The new policy will come into effect from the corn contract not listed yet from April 1, 2017 to avoid its impacts on normal running of the existing corn contracts, said the bourse.
Latest comments