Singapore-based Asia Pacific Exchange (APEX) saw its overall open interest for Crude Palm Oil Futures (CPF) reach more than 30,000 for the first time since its listing.
Since APEX CPF Listing on 18 April 2019, overall Open Interest has been rising steadily despite COVID-19 and current market uncertainties, culminating in a high of 30,765 on 6 October 2020. APEX CPF overall Open Interest is still expected to increase in the upcoming contract months.
Furthermore, since CPF contract launch, APEX has successfully facilitated physical delivery of Crude Palm Oil for 10 out of 13 expired contract months, with physical delivery in the past 4 consecutive contract months. Overall, APEX has successfully facilitated physical delivery of more than 70,000 MT.