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Egg Futures Contract of Dalian Commodity Exchange ("DCE")

Product

Fresh Hen Egg

Trading Unit

5 MT/ Lot

Price Quote Unit

CNY/500KG

Minimum Tick Size

1 CNY/500KG

Daily Price Limit Range

4% of last settlement price

Contract Months

Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec

Trading Hours

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

Last Trading Day

The last but three trading day of the contract month

Last Delivery Day

The 3rd trading day after the last trading day

Deliverable Grades

Egg Delivery Quality Standard of DCE (F/DCE JD003-2020)

Delivery Point

The delivery warehouses and FOT delivery sites of egg designated by DCE

Minimum Trading Margin

5% of the contract value

Delivery Form

Physical delivery

Ticker Symbol

JD

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.

Egg Delivery Quality Standard of Dalian Commodity Exchange ("DCE") (F/DCE JD003-2020)

1  Main content and applicable scope

1.1  The standard herein (the "Standard") stipulates the quality requirements, testing methods, inspection rules for eggs delivered at DCE.

1.2  The Standard applies to standard products and substitute products delivered under the egg futures contract of DCE.

2  Cited rules and standards

The provisions of the following documents are incorporated as the 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 2748 Fresh Egg Hygienic Standard

NY/T 1758-2009 Fresh Egg Grade Specifications

NY/T 823-2004 Poultry Production Performance Terms and Statistical Method of Measurement

GB/T 34262-2017 Terminology and Classification of Eggs and Egg Products

3  Terms and definitions

3.1  Fresh hen egg: refers to hen egg with shell that is unprocessed or treated with storage method only.

3.2  Crack: refers to the condition that under the action of external forces, the eggshell is partially broken and depressed inward, and the inner shell membrane is not broken and the egg contents are not exposed.

3.3  Egg white outflow: refers to the condition that under the action of external forces, the inner shell membrane is broken and the egg contents flow out.

3.4  Box packaging: refers to full box load packaging by orderly arrangement of the eggs on the egg trays.

3.5  Egg weight class: refers to the 3 classes of egg weight based on the net weight of each box:

Egg Weight Class

Weight Range (Unit: KG)

L

≥23 and ≤24

M

≥19.5 and <23

S

≥18 and <19.5

4  Quality Requirements

4.1  Quality requirements for standard products

Standard

Scope of Tolerance

Sensory Requirements

The number of eggs with incomplete eggshell, crack or white outflow shall not exceed 3 among each batch of sampling eggs; the number of eggs with dirty area exceeding 1/8 of its total, shall not exceed 3.

Egg Weight Class

In each batch of sampling eggs, if 9 or more boxes are all in small class or all in medium class by net weight, there shall not be eggs out of Egg Weight Class in the same batch.

Haugh Unit

≥70 (only for factory warehouse delivery and FOT delivery)

4.2  Allowances (premiums/discounts) for quality difference of substitute products

Standard

Scope of Tolerance

Premium/Discount (CNY/500KG)

Sensory Requirements

The number of eggs with incomplete eggshell, crack or white outflow, surpasses 3 but does not exceed 6 of each batch of sampling eggs.

-100(if 4)

-200(if 5)

-400(if 6)

The number of eggs with dirty area exceeding 1/8 of its total surpasses 3 but does not exceed 10 of each batch of sampling eggs.

-50 for each additional one

Egg Weight Class

In each batch of sampling eggs, more than 1 box is not in the same egg weight class by net weight.

-200

In each batch of sampling eggs, if 9 or more boxes are in big class, there shall not be eggs out of Egg Weight Class

-150

Haugh Unit

Load-in≥70

Load-out≥60

-200

FOT delivery≥60 and <70

-200

4.3  Hygienic condition shall meet the physiochemical standards and food additive standards in GB 2748.

5  Testing methods and inspection rules

5.1  Each batch of eggs is drawn in 10 boxes, and 4 eggs in each box are used as samples. The sampling method is random sampling;

5.2  Measurement of egg weight class is based on the net weight of a box of 360 eggs;

5.3  Sensory inspection adopts visual inspection. If a sampling egg in one batch is both with incomplete eggshell, crack or white outflow, and with dirty area exceeding 1/8 of its total, it will be considered as an egg with incomplete eggshell, crack or white outflow, and will not be included into the eggs with dirty area exceeding 1/8 of its total.

5.4  Haugh unit shall be measured by using the eggs with complete eggshell, no crack or white outflow in the samples, using the detection instrument or method recognized by the Exchange and taking the average value of the samples. The calculation formula of Haugh unit shall be subject to the standards in NY/T 823-2004.

6  Additional note

The Standard shall be subject to the interpretation of DCE.

Disclaimer: This English translation may be used for reference only. In case 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.

Email:inquiries@dce.com.cn Tel:86-411-84808226
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