Commodities
We have a list of about 20 commodities that can be offered on Bursa Suq Al-Sila’and approved by the Shari’ah Advisory Council (SAC) of SC. Three commodities which are currently being traded/readily available on the platform include crude palm oil (CPO), plastic resin (PE) and RBD palm olein (OLN).
Crude Palm Oil Specifications
Crude Palm Oil Specifications
| Specification | Parameters |
|---|
| Contract Code |
CM-CPO |
| Price |
Based on (benchmarked against) previous trading day settlement of the FCPO spot month contract. Price remains the same for the day. |
| Settlement |
Delivery of CPO (with provision for cash settlement). |
| Contract Grade |
- Free Fatty Acid (FFA) of palm oil delivered into the tank must not exceed 4% and from the tank must not exceed 5%.
- Moisture and Impurities (M&I) must not exceed 0.25%.
- Deterioration of Bleachability Index (DOBI) value of palm oil delivered into the tank must be at a minimum of 2.5 and of palm oil delivered from the tank must be at a minimum of 2.31
|
| Delivery Point |
Crude palm oil of good merchantable quality, in bulk, unbleached, at the CSP storage location. |
Plastic Resin – Polyethylene Specifications
Plastic Resin – Polyethylene Specifications
| Specification | Parameters |
|---|
| Contract Code |
CM-PE |
| Price |
Polyethylene price will be benchmarked against the price provided by CSP (plastic supplier). Price remains the same for the day. |
| Settlement |
Delivery of the Polyethylene (with provision for cash settlement). |
| Contract Grade |
- Density (kg/m3) – 0.92 to 2.0
- Melt Index @ 2.16kg (g/10minute) – 0.8 to 3.0
|
| Delivery Point |
CSP storage location. |
RBD* Palm Olein Specifications
RBD* Palm Olein Specifications
| Specification | Parameters |
|---|
| Contract Code |
CM-OLN |
| Price |
Based on (benchmarked against) previous trading day settlement of the MPOB daily local prices of RBD Palm Olein & Stearin. Price remains the same for the day. |
| Settlement |
Delivery of OLN (with provision for cash settlement). |
| Contract Grade |
- Free Fatty Acid (FFA) (as palmitic) of Palm Olein delivered into the tank must not exceed 0.1%.
- Moisture and Impurities (M&I) must not exceed 0.1%.
- Melting Point degrees C (AOCS Cc 3-25) must not exceed 24 Deg C.
- Colour (5 ¼” Lovibond Cell) 3 Red Max.
|
| Delivery Point |
CSP storage location. |
*Refined, Bleached & Deodorised
