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Corn Starch Futures Contract of Dalian Commodity Exchange ("DCE")

Product

Corn Starch

Trading Unit

10 MT/Lot

Price Quote Unit

CNY/MT

Minimum Tick Size

1 CNY/MT

Daily Price Limit Range*

4% of last settlement price

Contract Months

Jan, Mar, May, Jul, Sep, Nov

Trading Hours

9:00 - 11:30 a.m., 1:30 - 3:00 p.m. Beijing Time, Monday to Friday, and other trading hours announced by DCE

Last Trading Day

The 10th trading day of the contract month

Last Delivery Day

The 3rd trading day after the last trading day

Deliverable Grades

Corn Starch Delivery Quality Standard of DCE (F/DCE CS002-2018)

Delivery Point

The delivery warehouses of corn starch designated by DCE

Minimum Trading Margin*

5% of the contract value

Delivery Form

Physical delivery

Ticker Symbol

CS

Listed Exchange

DCE

Note: DCE may adjust the daily price limit ranges and the trading margins of each contract according to market conditions. For details of current trading parameters of each contract, please see below website:

http://www.dce.com.cn/DCE/TradingClearing/Business%20Parameters/Trading%20Parameters/index.html

    

Disclaimer: This English translation may be used for reference only. In cases there is any discrepancy between the English version and the original Chinese version, the original Chinese version shall prevail. Dalian Commodity Exchange may change or update this English translation without any prior notice and shall accept no responsibility or liability for damage or loss caused by any error, inaccuracy, misunderstanding, or change with regard to this English translation.

Corn Starch Delivery Quality Standard of Dalian Commodity Exchange ("DCE") (F/DCE CS002-2018)

1 Main content and applicable scope

1.1 This standard herein (the "Standard") stipulates the definition, quality requirements, testing methods, inspection and determination standards, and packaging and storage requirements, etc. for corn starch delivered at DCE.

1.2 The Standard applies to standard products delivered under the corn starch futures contract of DCE.

2 Cited rules and standards

The provisions of the following documents are incorporated as provisions of the Standard by reference, and their latest versions shall be applied to this Standard.

GB/T 8885 Edible Corn Starch

GB/T 191 Pictorial Marks for Packaging, Storage and Transformation

3 Terms and definitions

Corn starch: the starch produced with domestic corn as raw material within the territory of China.

4 Quality requirements

Standard products shall simultaneously meet the quality requirements as set out in Table 1, Table 2 and Table 3.

Table 1: Sensory requirements

Item

Quality Requirements

Appearance

White powder or powder with light yellow shadow, with luster

Odor

With special odor inherent for corn starch, no peculiar odor

Table 2: Physical and Chemical Standards

Item

Quality Requirements

Moisture / (%)

≤14.0

Acidity (dry basis) / (%)

≤1.80

Ash (dry basis) / (%)

≤0.15

Protein (dry basis) / (%)

≤0.45

Spot / (amount/cm2)

≤0.7

Fat (dry basis) / (%)

≤0.15

Fineness / (%)

≥99.0

Whiteness / (%)

≥87.0

Table 3: Hygienic Standards

Item

Quality Requirements

Sulfur dioxide / (mg/kg)

≤30.0

Arsenic (As) / (mg/kg)

≤0.5

Lead (Pb) / (mg/kg)

0.2

5 Inspection and determination standards

5.1 The products produced by the same manufacturer and with the same packaging specifications are of a batch.

5.2 The sampling amount shall be a rounded-up integer nearest the figure as determined in accordance with relevant provisions of the sampling plan in GB/T 8885, and the inspection method shall be subject to the requirements as set out in GB/T 8885. If there is any version update, the updated provisions in the new version shall be applied.

5.3 Provided that any item as set out in Standard 4 "Quality requirements" is unqualified, this batch of products shall be determined as unqualified.

6 Packaging, labeling and marking requirements

6.1 New double-layer or laminating bag shall be used. Packaging materials shall be dry, clean and strong, and accord with the hygienic requirements for food packaging materials.

6.2 Each bag of corn starch shall be 40± 0.4 kg or 830 ± 5 kg (by net weight).

6.3 Packaging bags shall be printed with product name, net content, producer"s name, address and contact information, production date, food production license number, etc., and their markings shall comply with the requirements in GB/T191.

7 Storage requirements

The products shall be stored in a cool, dry and ventilated pollution-free environment, and shall not be stored in open air.

8 Additional note

The Standard shall be subject to the interpretation of DCE.

 

Disclaimer: This English translation may be used for reference only. In cases there is any discrepancy between the English version and the original Chinese version, the original Chinese version shall prevail. Dalian Commodity Exchange may change or update this English translation without any prior notice and shall accept no responsibility or liability for damage or loss caused by any error, inaccuracy, misunderstanding, or change with regard to this English translation.

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