DCE

Iron Ore InternationalizationIron Ore Internationalization 中文
  • 1
  • 2
  • 3
Corn Futures Contract of Dalian Commodity Exchange ("DCE")

Product

Yellow Corn

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 Delivery Quality Standard of DCE (FC/DCE D001-2015) (details in the attached document)

Delivery Point

The delivery warehouses of corn designated by DCE

Minimum Trading Margin*

5% of the contract value

Delivery Form

Physical delivery

Ticker Symbol

C

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:

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 Delivery Quality Standard of Dalian Commodity Exchange ("DCE") (FC/DCE D001-2015)

1 Scope
This standard herein (the "Standard") stipulates the quality standards, classification standards and inspection methods for yellow corn delivered at DCE.
The Standard applies to standard products and substitute products delivered under the corn futures contract of DCE.

2 Cited rules and standards
The provisions of the following documents are incorporated as provisions of the Standard by reference. For those cited documents noted with dates, all of their following amendments (excluding corrections) and revised versions shall not be applied to the Standard; for those without noted dates, their latest versions shall be applied to the Standard.
GB 1353-2009 Corn
GB/T 20570-2006 Rules for Evaluation of Corn Storage Quality

3 Definitions
Definitions under this Standard shall be interpreted in accordance with GB 1353-2009 and GB/T 20570-2006.

4 Quality standards
4.1 Quality requirements for standard products delivered under corn futures contract

Volume Weightg/L

Impurity (%)

Moisture (%)

Unsound Kernels (%)

Odor and Color

Total

Moldy Kernels

675

1.0

14.0

8.0

2.0

Normal

4.2 Discount by quality difference under corn futures contract

Item

Requirements for Standard Products

Quality Requirements for Substitutes

Discount (CNY/MT)

Volume Weight(g/L)

≥675

≥650 and <675

-40

Moisture(%)

≤14.0

>14.0 and <14.5

0

Moldy Kernels(%)

≤2.0

>2.0 and ≤4.0

-50

 4.3 Corn storage quality requirements

Load-in: suitable to be stored; load-out: suitable for storage or slightly not suitable for storage

4.4 Total unsound kernel rate of bulk grain when loaded out of the warehouse shall be ≤ 11%.

4.5 Hygienic inspection and foliage quarantine shall be subject to China's relevant standards and rules. Hygienic standards shall be subject to the Hygienic Standard for Feeds (GB 13078).

5 Inspection methods

Subject to GB 1353-2009 and GB/T 20570-2006.

 6 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.

Contact Us| Disclaimer| Site Map| Search| Related Links
Address:No.129 Huizhan Road, Dalian 116023, China Tel:86-411-84807090Fax:86-411-84808530
©2016Dalian Commodity Exchange. All right reserved.