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Soybean Oil Futures Contract of Dalian Commodity Exchange ("DCE")

Product

Crude soybean oil

Trading Unit

10 MT/Lot

Price Quote Unit

CNY/MT

Minimum Tick Size

2 CNY/MT

Daily Price Limit Range*

4% of last settlement price

Contract Months

Jan, Mar, May, Jul, Aug, Sep, 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 10th trading day of the contract month

Last Delivery Day

The 3rd trading day after the last trading day

Deliverable Grades

Soybean Oil Delivery Quality Standard of DCE

Delivery Point

The delivery warehouses of soybean oil designated by DCE

Minimum Trading Margin*

5% of the contract value

Delivery Form

Physical delivery

Ticker Symbol

Y

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.

Soybean Oil Delivery Quality Standard of Dalian Commodity Exchange ("DCE")

1  Main content and applicable scope

1.1  The standard herein (the "Standard") stipulates the quality standards and classification standards for soybean oil delivered at DCE.

1.2  Crude soybean oil as stated in the soybean oil futures contract of DCE refers to soybean oil produced from soybeans and is not suitable for direct eating by human, with its places of production unrestricted.

1.3  The Standard applies to standard products delivered under the soybean oil 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 1535 Soybean oil

SN/T 0798 Inspection of Grain, Oil and Feed for Import and Export - Terminologies for Inspection

GB 5537 Inspection of Vegetable Oils - Methods for Determination of Phosphatide

3  Terms and definitions

3.1  Content of phosphorus: subject to the relevant rules of SN/T 0798

3.2  Other terms and definitions: subject to the relevant rules of GB1535

4  Quality requirements

4.1  Standards of properties: subject to the relevant rules of GB 1535

4.2  Quality standards:

Item

Quality Standards

Odor and Flavor

Inherent soybean odor and flavor, with no peculiar odor

Moisture and Volatiles

≤0.20%

Insoluble Impurities

≤0.20%

Acid Value

≤3.0 mg KOH/g

Peroxide Value

≤7.5 mmol/kg

Residual Solvent Volume

≤100 mg/kg

Phosphorus Volume

≤200 mg/kg

4.3  Hygienic standards: subject to the rules of GB 1535

4.4  Others: subject to the rules of GB 1535

5  Inspection methods, inspection rules and labeling

5.1  Inspection of phosphorus shall be subject to the rules of GB 5537.

5.2  Others shall be subject to the rules of GB1535.

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.

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