Dalian Commodity Exchange
DCE History
Publisher Dalian Commodity Exchange/Source 2006-07-17 Wayback capture/Preserved 2026-05-25
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Dalian Commodity Exchange (DCE) was established on November 18, 1993. DCE is a non-profit and self-regulating legal entity. The products traded at DCE included corn, soybeans, soy meal, green beans, rice and red beans.
In October of 1994, almost 50 futures exchanges in China were merged into 15 by the State Council. DCE traded soybeans and corn. Dry kelp was a pilot product. DCE's market share ranked No. 9 in China.
In 1998, 15 futures exchanges were restructured into three by the State Council. Soybeans, soy meal and beer barley were formally approved to trade at DCE.
On July 17, 2000, DCE started trading soy meal, which was the first product listed after the last merger of China's futures exchanges. Until 2004, soy meal futures has been one of the rapidly developing futures contract at China's futures market.
On March 15, 2002, DCE started trading No.1 soybeans futures (Non-GMO soybeans). It became the largest agricultural futures contract in China and the largest Non-GMO soybeans futures contract in the world half year later. Its volume ranks No. 18 among all futures contracts in the world in 2003. No.1 soybeans futures is the only commodity futures contract in top 20 futures contracts.
DCE's volume has been No. 1 in China since 2000. In 2003, the volume was more than 149 million (round side), accounting for 53% of China's market. According to FIA statistics of volume in 2004, DCE ranks No.8 among international futures exchanges.