| Product |
Crude Soybean Oil |
| Trading Unit |
10MT/Contract |
| Price Quote |
RMB Yuan/MT |
| Tick Size |
2 Yuan/MT |
| Daily Price Limit |
4% of Last Settlement Price |
| Contract Months |
Jan, Mar, May, July, Aug, Sep, Nov, Dec |
| Trading Hours |
9:00 - 11:30 am., 1:30 - 3:00 pm. Beijing Time, Monday - Friday |
| Last Trading Day |
10th Trading Day of the Delivery Month |
| Last Delivery Day |
3rd Trading Day after the Last Trading Day of the Delivery Month |
| Deliverable Grades |
DCE Soybean Oil Delivery Quality Standard |
| Delivery Location |
The Warehouses Designated by DCE |
| Minimum Trading Margin |
5% of the Contract Value |
| Trading Fee |
Not more than 6 Yuan/Contract |
| Delivery Form |
Physical Delivery |
| Ticker Symbol |
Y |
DCE Soy Oil Futures Delivery Quality Standard
1. Content and Scope
1.1 The Standard rules the quality guide lines and classification standards of soy oil futures contract delivered at DCE.
1.2 The crude soy oil, ruled by DCE soy oil futures contract, referrers to those soy oil crushed from soybeans, not suitable for direct eating and without the limit on production location.
1.3 This Standard is applied to DCE deliverable soy oil at par.
2. Documents of criterion cited
The articles and clauses ruled by the following standards are the ones of this Standard after being cited. For those documents noted with dates, their amendment and revised version are not applied to this standard; for those without noted dates, their latest version is applied to this standard.
GB 1535 soy oil
SN/T 0798 inspection of grain, oil, and feed imported & exported; terms of inspection;
GB 5537 inspection of botanic grease, lecithin method of inspection.
3. Terms and definitions
3.1 Content of phosphorus: subject to relevant rules of SN/T 0798
3.2 Other terms and definitions: subject to relevant rules of GB1535
4. Quality requirement
4.1 Characteristics guide lines: subject to relevant rules of GB 1535
4.2 Quality guide lines:
|
Item |
Quality guide line |
|
Odor and flavor |
With inherent odor and flavor of soybean |
|
Moisture and volatile |
0.2 |
|
Impurity of infusibility |
0.2 |
|
Acid (mg KOH/g) |
3 |
|
Peroxide mmol/kg |
7.5 |
|
Solvent (mg/kg) |
100 |
|
Phosphorus (mg/kg) |
200 |
4.3 Sanitation guide lines: subject to rules of GB 1535
4.4 Others: subject to rules of GB 1535
5. Inspection methods, inspection rules and tag
5.1 Inspection of phosphorus: subject to GB 5537
5.2 Others: subject to rules of GB1535
6. Additional notes
The Standard is explained by The Dalian Commodity Exchange.
|
