DCE

Iron Ore Internationalization 中文
  • 1
  • 2
  • 3
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 announced 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 JD002-2015)

Delivery Point

The delivery warehouses 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 JD002-2015)

Main content and applicable scope

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

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

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

SB/T 10277 Fresh Egg

NY/T 1758 Fresh Egg Grade Specifications

GB/T 6543 Single and Double Corrugated Box for Packaging and Transportation

BB/T 0015 Molded Pulp Egg Tray

Terms and definitions

3.1  Fresh hen egg: refers to hen egg that is unprocessed.

3.2  Crack: refers to the condition that part of the eggshell is broken and depressed due to shaking or bumping, but the inner shell membrane is not broken and the egg white does not flow out.

3.3  Egg white outflow: refers to the condition that the egg white flows out as the eggshell is broken by external forces.

3.4  Crackle: refers to the long crack on the eggshell resulting from external forces, but the inner shell membrane is not broken and the egg white does not flow out.

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

3.6  Egg weight class: refers to the 3 classes of egg weight based on the weight of each egg.

Egg Weight Class

Weight Range (Unit: Gram)

L

≥68 and <78

M

≥53 and <68

S

≥43 and <53

Quality Requirements

4.1  Quality requirements for standard products

Tolerance of Standard

Load-in

Load-out

FOT Delivery and Factory Warehouse Delivery

Sensory Requirements

The number of eggs with incomplete eggshell, crack or white outflow, or whose crackle is longer than 2cm, shall not surpass 5% of the total sampling eggs; the number of eggs with dirty area exceeding 1/8 of its total, shall not surpass 8% of the total.

The number of eggs with incomplete eggshell, crack or white outflow, or whose crackle is longer than 2cm, shall not surpass 8% of the total sampling eggs; the number of eggs with dirty area exceeding 1/8 of its total, shall not surpass 8% of the total.

The number of eggs with incomplete eggshell, crack or white outflow, or whose crackle is longer than 2cm, shall not surpass 5% of the total sampling eggs; the number of eggs with dirty area exceeding 1/8 of its total, shall not surpass 8% of the total.

Egg Weight Class

More than 80% of the sampling eggs shall be in the same weight class.

Haugh Unit

≥72

≥60

≥60

Note: If a sampling egg is both with incomplete eggshell, crack or white outflow, or whose crackle is longer than 2cm, and with dirty area exceeding 1/8 of its total, it will be considered as an egg with incomplete eggshell, crack or white outflow, or whose crackle is longer than 2cm, and will not be included into the eggs with dirty area exceeding 1/8 of its total.

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

Standard

Scope of Tolerance

Premium/Discount (CNY/500KG)

Egg Weight Class

Deliverable products that could not meet the  weight class of standard products

- 200

Sensory Requirements

(Only for FOT Delivery and Factory Warehouse Delivery)

The number of eggs with incomplete eggshell, crack or white outflow, or whose crackle is longer than 2cm, surpasses 5% but not exceeds 8% of the total sampling eggs.

- 200

The number of eggs with dirty area exceeding 1/8 of its total surpasses 8% but not exceeds 10% of the total sampling eggs.

- 50

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

Testing methods and inspection rules

5.1  Random sample of 5 eggs from 1 container for every 30 boxes (if less than 30 boxes, the insufficient part will be calculated as 30), with the sampling methods subject to the standards in SB/T 10277;

5.2  Determination of egg weight shall be subject to the single egg weight standards in SB/T 10277;

5.3  Determination of Haugh unit shall be subject to the standards in NY/T 1758;

5.4  Sensory inspection shall be subject to the standards in SB/T 10277.

Packaging and transportation requirements

6.1  Egg trays and cardboard boxes shall meet the standards in BB/T 0015 and GB/T 6543, and be used in line with the standards in SB/T 10277;

6.2  Transportation requirements shall be subject to the standards in GB 2748.

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.