| |
|
Product |
Crude soybean oil |
|
Trading Unit |
10MT/contract |
|
Price Quote |
CNY/MT |
|
Tick Size |
2 CNY/MT |
|
Daily Price Limit |
4% of last settlement price |
|
Contract Months |
Jan, Mar, May, July, Aug, Sep, Nov, Dec |
|
Trading Hours |
9:00 - 11:30 am, 1:30 - 3:00 pm Beijing Time, Monday - Friday |
|
Last Trading Day |
10th trading day of the delivery month |
|
Last Delivery Day |
3rd trading day after the last trading day of the delivery month |
|
Deliverable Grades |
DCE Soybean Oil Futures Delivery Quality Standard |
|
Delivery Location |
The warehouses designated by the DCE |
|
Minimum Trading Margin |
5% of the contract value |
|
Trading Fee |
Not more than 6 CNY/Contract |
|
Delivery Form |
Physical delivery |
|
Ticker Symbol |
Y |
DCE Soybean Oil Futures Delivery Quality Standard
1. Content and Scope
1.1 The Standard herein dictates the quality guidelines, classification standards and inspection methods for Soybean Oil delivered at the DCE.
1.2 Crude soybean oil dictated in the DCE’s contract refers to soybean oil produced from the crushing of soybeans and is not suitable for direct eating. There is no limit on production location.
1.3 The standard herein applies to standard soybean oil futures contracts delivered at the DCE.
2. Normative references
The following documents’ provisions, by means of this standard’s citation, have become this standard’s provisions. For those documents noted with dates, their amendments and revised versions have not been applied to this standard; for those without noted dates, their latest version has been applied to this standard.
GB 1535 Soybean oil
SN/T 0798 Inspection of grain, oil, and feed imported & exported; terms of inspection;
GB 5537 Inspection of botanic grease, lecithin method of inspection.
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 Characteristic guidelines: subject to the relevant rules of GB 1535
4.2 Quality guidelines:
|
Item |
Quality Guideline |
|
Odor and Flavor |
Inherent soybean odor and flavor |
|
Moisture and Volatiles |
≤0.2% |
|
Insoluble Impurities |
≤0.2% |
|
Acid Value |
≤3 mg KOH/g |
|
Peroxide Value |
≤7.5 mmol/kg |
|
Residual Solvent Vol. |
≤100 mg/kg |
|
Phosphorus Vol. |
≤200 mg/kg |
4.3 Sanitation guidelines are subject to the rules of GB 1535
4.4 Other issues are subject to the rules of GB 1535
5. Inspection methods, inspection rules and labeling
5.1 Inspection of phosphorus is subject to the rules of GB 5537
5.2 Other issues are subject to the rules of GB1535
6. Additional notes
The DCE is responsible for the interpretation of the standard herein.
Trading History
Soybean Oil contracts began trading at the DCE on January 9th, 2006.
|
Year |
Volume* |
YOY Increase |
|
2006 |
20,666,012 |
- |
|
2007 |
26,567,732 |
28.56% |
|
2008 |
89,391,986 |
236.47% |
|
2009 |
189,673,762 |
112.18% |
* Volume = # of contracts (bilateral)
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