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Product |
RBD Palm Olein |
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Trading Unit |
10MT/Contract |
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Price Quote |
CNY/MT |
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Tick Size |
2 CNY/MT |
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Daily Price Limit |
4% of last settlement price (temporarily 5%) |
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Contract Months |
Monthly contracts (12 contracts per year) |
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Trading Hours |
9:00 - 11:30 am, 1:30 - 3:00 pm Beijing Time, Monday - Friday |
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Last Trading Day |
10th trading day of the delivery month |
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Last Delivery Day |
Second day after the last trading day of the delivery month |
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Deliverable Grades |
DCE RBD Palm Olein Delivery Quality Standard |
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Delivery Location |
The warehouses appointed by the DCE |
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Minimum Trading Margin |
5% of the contract value (temporarily 7%) |
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Trading Fee |
No more than 6 CNY/contract |
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Delivery Form |
Physical delivery |
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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
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Item |
Quality Guideline |
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Refractive index (40℃) |
1.458-1.460 |
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Proportion (40℃ - 25℃ water) |
0.902-0.909 |
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Iodine value |
≥56 gI/100g |
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Saponification value |
188-207 mgKOH/g |
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Unsaponifiable material |
≤1.0% |
4.2 Quality guidelines:
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Item |
Quality Guideline |
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Melting Point |
≤24℃ |
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Acid value (mgKOH/g) |
Warehouse entry: ≤0.18 |
Warehouse exit: ≤0.20 |
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Peroxide value (meq/kg) |
Warehouse entry: ≤5 |
Warehouse exit: ≤10 |
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Color (133.4mm Lovibond Cell) |
Warehouse entry: ≤ red 3 / yellow 30 |
Warehouse exit: ≤ Red 3.5 / yellow 35 |
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Odor and flavor |
Inherent odor and flavor of RBD palm olein |
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Transparency (40℃) |
Clear & transparent |
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Moisture and volatiles |
≤0.05% |
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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 |
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2007 |
678,350 |
- |
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2008 |
12,604,956 |
1758.18% |
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2009 |
88,852,996 |
604.91% |
* Volume = # of contracts (bilateral)
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