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Home > Products > RBD Palm Olein
 

Product

RBD Palm Olein

Trading Unit

10MT/Contract

Price Quote

CNY/MT

Tick Size

2 CNY/MT

Daily Price Limit

4% of last settlement price  (temporarily 5%)

Contract Months

Monthly contracts (12 contracts per year)

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

Second day after the last trading day of the delivery month

Deliverable Grades

DCE RBD Palm Olein Delivery Quality Standard

Delivery Location

The warehouses appointed by the DCE

Minimum Trading Margin

5% of the contract value (temporarily 7%)

Trading Fee

No more than 6 CNY/contract

Delivery Form

Physical delivery

Ticker Symbol

P

 

DCE RBD Palm Olein Futures Delivery Quality Standard (F/DCE P001-2007)
1. Content and Scope
1.1 The Standard herein dictates the quality guidelines, classification standards and inspection methods for RBD Palm Olein futures contracts delivered at the DCE.
1.2 The standard herein applies to standard RBD Palm Olein 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/T 15680-1995 edible Palm Oil
GB 8873-88 Oil Industry Terminology
3. Terms and Definitions
3.1 In accordance with GB/T 15680-1995 Edible Palm Oil
3.2 In accordance with GB 8873-88 Oil Industry Terminology
4. Quality Requirements
4.1 Characteristic guidelines

Item

Quality Guideline

Refractive index (40℃)

1.458-1.460

Proportion (40℃ - 25℃ water)

0.902-0.909

Iodine value

≥56 gI/100g

Saponification value

188-207 mgKOH/g

Unsaponifiable material

≤1.0%


4.2 Quality guidelines:

Item

Quality Guideline

Melting Point

24

Acid value (mgKOH/g)

Warehouse entry: 0.18

Warehouse exit: 0.20

Peroxide value (meq/kg)

Warehouse entry: 5

Warehouse exit: 10

Color (133.4mm Lovibond Cell)

Warehouse entry: red 3 / yellow 30

Warehouse exit: Red 3.5 / yellow 35

Odor and flavor

Inherent odor and flavor of RBD palm olein

Transparency (40℃)

Clear & transparent

Moisture and volatiles

0.05%

Insoluble Impurities

0.05%


4.3 Sanitation guidelines: subject to the rules of GB/T 15680-1995
5. Inspection methods, inspection rules and labels: subject to rules of GB/T 15680-1995
6. Storage and Delivery
6.1 Storage
The warehouse should be kept cold, dry, clean and dark. Palm oil should not be mixed with harmful and toxic substances.
6.2 Delivery
Transportation service should pay attention to safety, as well as prevention of exposure to sunlight, rain and seepage, pollution and peeling labels. Transportation service should maintain specialized vehicles for bulk palm oil delivery and keep the vehicles clean and sanitary.
7. Additional Notes
The DCE is responsible for the interpretation of the standard herein.

 

Trading History

 

RBD Palm Olein contracts began trading at the DCE on October 29th, 2007.

Year

Volume*

YOY Increase

2007

678,350

-

2008

12,604,956

1758.18%

2009

88,852,996

604.91%


*  Volume = # of contracts (bilateral)

 
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