DCE

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

Product

Coking Coal

Trading Unit

60 MT/ Lot

Price Quote Unit

CNY/MT

Minimum Tick Size

0.5 CNY/MT

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 10th trading day of the contract month

Last Delivery Day

The 3rd trading day after the last trading day

Deliverable Grades

Coking Coal Delivery Quality Standard of DCE (F/DCE JM001-2013)

Delivery Point

The delivery warehouses of coking coal designated by DCE

Minimum Trading Margin*

5% of the contract value

Delivery Form

Physical delivery

Ticker Symbol

JM

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.

Coking Coal Delivery Quality Standard of Dalian Commodity Exchange("DCE") (F/DCE JM001-2018)

1  Main content and applicable scope

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

1.2  The coking coal as stated in the Standard refers to those coking coal washed and filtrated by coal washeries and whose quality could meet the requirements of coke production, with its places of production unrestricted.

1.3  The Standard applies to standard products and substitute products delivered under the coking coal 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/T 5751 Classification of Coals of China

GB/T 212 Methods for Proximate Analysis of Coal

GB/T 214 Methods for Determination of Total Sulfur in Coal

GB/T 479 Methods for Determination of Plastometric Index of Bituminous Coal

GB/T 5447 Methods for Determination of Caking Index of Bituminous Coal

GB/T 6948 Methods for Microscopical Determination of Reflectance of Vitrinite in Coal

GB/T 15591 Methods for Determination of Reflectogram of Coal for Commercial Use

GB/T 397 Technical Specification of Coal for Coke Making

GB/T 3715 Terminologies Relating to Properties and Analysis of Coal

GB 475 Methods for Manual Sampling of Coal for Commercial Use

Q/CY-MKZY-006-2012 Experimental Methods of Coke Making with Coking Coal - Methods of 40kg Experimental Coke Oven

3  Terms and definitions

Terms and definitions under GB/T 3715 shall be applied in this Standard.

4  Quality requirements

4.1  Quality requirements for standard products

Item

Quality Standards

Ash (Ad)

10.0%

Sulfur (St,d)

0.7%

Volatiles (Vdaf)

≥16.0% and ≤28.0%

Caking Index (G)

Load-in≥75%

Load-out>65%

Maximum Plastometric Thickness (Y)

≤25.0 mm

Experimental coke oven produced coke strength after reaction (CSR)

≥60% and ≤65%

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

Item

Scope of Tolerance

Premium / Discount (CNY/MT)

Ash (Ad)

≤10.5%

>10.0% and ≤10.5%

Each addition of 0.1%, discount 4

≥9.0% and <10.0%

Each reduction of 0.1%, premium of 2

<9.0%

Calculated based on 9.0%

Sulfur (St,d)

≤1.6%

>1.30% and ≤1.60%

Each addition of 0.01%, discount 5

(Calculated continuously based on the previous discount)

>1.00% and ≤1.30%

Each addition of 0.01%, discount 2.5

(Calculated continuously based on the previous discount)

≥0.70% and <1.00%

Each addition of 0.01%, discount 1.5

≥0.50% and <0.70%

Each reduction of 0.01%, premium 0.5

<0.50%

Calculated based on 0.50%

Experimental coke oven produced coke strength after reaction (CSR)

≥55%

≥55% and <60%

Discount 100

>65%

0

Maximum Plastometric Thickness (Y)

Unlimited

> 25.0mm

0

4.3  Standard deviation of random reflectance of vitrinite (S) ≤0.13.

4.4  Proportion of vitrinite maximum reflectance (Rmax) at 1.0-1.6 ≥ 70%.

4.5  Moisture content (Mt)≤8.0%. If Mt > 8.0%, the exceeding part will be rounded- to one decimal place for weight deduction (for example, if the measured Mt is 9.32%, the weight deduction shall be 1.3%).

5  Testing methods and inspection rules

5.1  Sampling and preparation of samples shall be subject to the standards in GB 475.

5.2  Determination of moisture, ash and volatiles shall be subject to the standards in GB/T 212.

5.3  Determination of sulfur content shall be subject to the standards in GB/T 214.

5.4  Determination of caking index shall be subject to the standards in GB/T 5447.

5.5  Determination of maximum plastometric thickness shall be subject to the standards in GB/T 479.

5.6  Determination of random reflectance of vitrinite shall be subject to the standards in GB/T 6948.

5.7  Determination of standard deviation of random reflectance of vitrinite shall be subject to the standards in GB/T 15591.

5.8  Determination of experimental coke oven produced coke strength after reaction (CSR) shall be subject to the standards in Q/CY-MKZY-006-2012.

6  Transportation requirements

Coking coal products shall be shipped in clean train carriages, vehicle carriages, steamship holds or other means of transport.

7  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.