Dalian Commodity Exchange DCE: derivatives exchange in Dalian
Dalian Commodity Exchange operates in the port city of Dalian in north-eastern China. Dalian, China · Large feed, soybean, oils, egg and hog market.
AGR-009 · Derivatives exchange · Dalian, China · CNY
Large feed, soybean, oils, egg and hog market
Dalian Commodity Exchange operates in the port city of Dalian in north-eastern China. It is important for contracts connected with soybeans, feed ingredients, vegetable oils, eggs and live hogs. The exchange also lists industrial commodities, so its total trading volume is not an agriculture-only statistic. The 2024 figures describe the scale of the whole venue and its membership network. For an agricultural business, the behaviour of a particular contract and its relationship to the domestic physical market may be more useful than the exchange’s position in a global ranking.
The market is especially relevant to businesses monitoring Chinese demand for feed and oilseeds. Soybean meal can move for different reasons from whole soybeans or soybean oil. No 1 and No 2 soybean contracts have separate specifications and should not be combined into a single price series without explaining the method. RBD palm olein is likewise different from Malaysian crude palm oil. Cross-market analysis must account for processing stage and delivery basis before comparing the apparent price spread.
A prospective participant should establish with an intermediary whether the relevant instrument is available to its category of customer. Public access to quotations does not itself confer trading or delivery eligibility. Physical settlement requires checks on standards, warehouses, documents and deadlines. For an exporter to China, the futures quotation may provide market intelligence, but it does not replace an importer’s offer, a quality agreement or confirmation that the actual shipment is admissible. These issues need to be established separately for the product and transaction concerned.
Official daily tables allow comparison of prices, trading activity and positions across expiries. The website is primarily in Chinese and access controls can affect automated retrieval. Licensed data services are also available, including the ICE feed described in the sources. Read quotation units carefully: eggs are quoted per 500 kilograms, whereas many other products use a tonne basis. When comparing DCE with another country, also account for CNY conversion, trading-session timing and the observation date. Retaining these fields beside the price helps avoid mistaking a unit or expiry difference for a commercial opportunity. A physical procurement decision should finally compare the exchange reference with a dated delivered offer, including quality, inland transport and the actual supplier’s payment terms.
What is priced: Grains, oilseeds and pulses, Livestock and meat, Poultry and eggs, Timber and forest products, Vegetable oils and olive oil
Where to find the prices
Products and quotations
Soybeans No 1; Soybeans No 2; Soybean meal; Soybean oil; RBD palm olein; Corn; Corn starch; Eggs; Live hogs; Logs
Key figures
- Total exchange volume: 2,270,000,000 lots (2024). All commodity classes, including industrial products.
- Number of members: 161 entities (31). 12.2024. Entire exchange.
Sources
- DCE — 2025 PFMI disclosure
- DCE — website and products
- DCE — daily data
- ICE Data — DCE feed
All agricultural exchanges, markets and price sources
