Aluminium is the most abundant metallic element in the earth’s crust and is the most widely used Non-Ferrous Metals in the world. The global production of Aluminium in 2016 was 58.8 million metric tons. It exceeded that of any other metal except Iron.

DGCX Aluminium Futures contract provides a more efficient and transparent way to manage pricing risks than other product structures available for Aluminium supply chain participants. DGCX Aluminium Futures contract also provides financial participants an opportunity to trade in conjunction with similar products to gain spread opportunities arising from various supply and demand scenarios.

  • Tracks and prices one of the most widely consumed Base Metals
  • Traded and Cash settled in US Dollars (USD))
  • Tax Free – No transaction Tax and Zero Capital Gains tax
  • Basis 5 MT contract size, tick size USD $0.5
  • Efficient metals trading and hedging on DGCX through a futures contracts structure
  • Unique trading opportunity in the region to participate in global Aluminium markets
  • Market hours encompassing the largest global liquidity pools
  • Low cost structure with risk adjusted net margin offset on calendar spreads
  • Traded on a globally recognized, regulated and safe platform permitting greater participation
  • EFS, EFP and Block trading is permissible

Contract Specifications

ContractParameters
Contract TypeFuture
Contract NameDGCX Aluminium Contract
Contract SymbolDAH
UnderlyingPrimary aluminium of 99.7% purity (minimum)
Contract Size5 Metric Tonnes (MT)
Notional Contract Value5 x Price
Trading CurrencyUSD
Settlement CurrencyUSD
Price QuoteUS Dollars per MT
Tick SizeUS$ 0.50
Tick ValueUS$ 2.50
Settlement BasisCash Settled
Final Cash Settlement Price (FCSP)FCSP is based on reference price publicly available on the Last Trading Day
Last Trading Day (LTD)Two Business Days prior to the third Wednesday of the expiry month
Trading DaysExchange Business Days
Trading Hours07:00 – 23:55 Hours Dubai time
Trading MonthsMonthly such that 6 months are available at all times
Calendar SpreadCalendar Spread of M1-M2 and M1-M3 are available at all times
New Contract ListingBusiness Day immediately following the Last Trading Day
Max Order Size200 Lots
Wholesale TradesBlock Trade minimum size threshold: 50 lots. EFP/EFS also available. Trades must be submitted within 15 minutes after execution
No Cancellation RangeSee link: www.dgcx.ae/price-limits

Contract Calendar

Contract SymbolContract MonthTrading Start DateLast Trading DateSettlement Date
DAH-20191216Dec'1918 Jun 201916 Dec 201917 Dec 2019
DAH-20200113Jan'2016 July 201913 Jan 202014 Jan 2020
DAH-20200217Feb'2020 Aug 201917 Feb 202018 Feb 2020
DAH-20200316Mar'2017 Sep 201916 Mar 202017 Mar 2020
DAH-20200409Apr'2015 Oct 20209 Apr 202014 Apr 2020
DAH-20200518May'2019 Nov 202018 May 202019 May 2020