|
Listed Product |
White Granulated Sugar |
|
Trading Unit |
1 ton/lot |
|
Quotation Unit |
Yuan (RMB)/ton |
|
Minimum Price Fluctuation |
2 Yuan/ton |
|
Daily Price Limits |
Not above or below 8% of the settlement price of the previous trading day |
|
Contract Period |
Continuous trading |
|
Trading Hours (All times listed are Beijing Time) |
Night Time:19：00 p.m.- 3：00 a.m. Morning Time: 9：00 a.m. - 11：30 a.m. Afternoon Time: 13：30 p.m. - 16：00 p.m. |
|
Delivery Declaration Period (Beijing Time) |
16:00 p.m. – 16:15 p.m. of each trading day. |
|
Quality Standard |
Standard: the 1st grade white granulated sugar meets the GB317-2006 standards.
Substitutes: Please refer to Annotation 4
|
|
Delivery Sites |
Designated Warehouses by the Exchange |
|
Minimum Delivery Unit |
1 tons |
|
Margin Requirement |
20% |
|
Transaction Fee |
0.1‰ of transaction value |
|
Delivery Fee |
3 yuan / ton |
|
Delivery Method |
Physical delivery |
|
Compensation Rate for Deferred Delivery |
0.6‰ of contract value per day
|
|
Commodity Symbol |
BWGS |
|
Exchange Listed |
Bohai Commodity Exchange of Tianjin |
Annotation:
1. The above content constitutes the main contract specifications for the transactions completed by a buyer and a seller on the E-trading System of the Exchange.
2. Delivery Unit
The minimum delivery unit of white granulated sugar is 1 ton. The delivery volume should be an integer times 1 ton.
3. Quality Standard
1) The white granulated sugar intended for delivery should meet the quality standards stated in the contract specifications.
Standard: 1st grade white granulated sugar meets the GB317-2006 standards.
Domestic white granulated sugar is deliverable during the Sugar Year (defined as October 1 of each year until September 30 of the following year) and until November 15 of the year in which the Sugar Year ends. The discount standards begin to be applicable from August of the year in which the Sugar Year ends. The discount standard is 10 Yuan per ton for every month from August onwards, and shall be calculated when making the payment for the delivery.
Imported white granulated sugar (including white granulated sugar produced from imported raw sugar) is deliverable within 12 months from when it is manufactured. No premium or discount is applicable.
2) The package of white granulated sugar intended for delivery shall meet the requirements of the GB317-2006 standards when the white granulated sugar is delivered to the designated warehouses.
3) The white granulated sugar on each Registered Warehouse Receipt should be the same grade and be produced by the same manufacturer. The earliest date of manufacture for the white granulated sugar is taken to be the manufacturing date for the Receipt. The validity of the Registered Warehouse Receipt shall not extend beyond the delivery period prescribed by the Exchange.
4) The quality standards of substitutes and the price adjustment range
|
Grade |
Quality Standards Range |
Price Adjustment |
|
Premium Minus Grade |
Sucrose/（%）：≥99.7；Reducing Sugars/（%）：≤0.04；Conductivity Ash/（%）：≤0.04；Loss on drying/（%）：≤0.06；Color/IU≤80；Turbidity/MAU≤80；Insoluble impurities in water/（mg/kg）≤20。 |
Premium 50 Yuan/ton |
|
Premium Grade |
Sucrose/（%）：≥99.7；Reducing Sugars/（%）：≤0.04；Conductivity Ash/（%）：≤0.04；Loss on drying/（%）：≤0.06；Color/IU≤60；Turbidity/MAU≤80；Insoluble impurities in water/（mg/kg）≤20。 |
Premium 100 Yuan/ton |
|
Superior minus Grade |
Sucrose/（%）：≥99.8；Reducing Sugars/（%）：≤0.03；Conductivity Ash/（%）：≤0.02；Loss on drying/（%）：≤0.05；Color/IU≤45；Turbidity/MAU≤30；Insoluble impurities in water/（mg/kg）≤10。 |
Premium 150 Yuan/ton |
4. The designated warehouses and premium/discount standards
|
No. |
Name of Designated Warehouses |
Premiums/ Discounts |
|
01 |
Guangxi RongGui Trade Co,. Ltd |
Premium 0 Yuan/ton |
|
02 |
Rizhao Linfei Huashang Warehousing Co,Ltd |
Premium 150 Yuan/ton |
|
03 |
Tianjin Zhongtang Huafeng Logistics Co,.Ltd |
Premium 190 Yuan/ton |
|
04 |
Hebei Gaocheng Yongan National Grain Reserves. |
Premium 210 Yuan/ton |
|
05 |
Zhejiang Sugar Tobacco and Wine Co., Ltd |
Premium 220 Yuan/ton |
Any newly designated warehouses and the adjustments on standards of premiums and discounts shall be otherwise published by the Exchange.
|
BCO