Trading unit 10 ton/lot
Quotation digits (RMB)/ton
The minimum price change is 1 yuan/ton.
The maximum fluctuation range of daily price shall not exceed 4% of the settlement price of the previous trading day.
The delivery months of the contract are 1, 3, 5, 7, 9, 1 1.
Trading hours are from 9: 00 a.m. to 9: 30 p.m. Monday to Friday 1 1: 30 (except legal holidays).
Last trading day 10 trading day of the contract delivery month.
Delivery date: the 12 trading day in the delivery month of the contract.
Delivery grade standard: Grade I white sugar (in line with the quality standard for white sugar futures delivery of Zhengzhou Commodity Exchange (Q/Q/ZSJ 002-2005))；); Substitutes and discounts: See the detailed rules for sugar delivery of Zhengzhou Commodity Exchange.
Delivery place designated warehouse of the exchange
6% of the minimum trading margin contract value
Transaction fee 4 yuan/hand (including risk reserve)
Delivery method physical delivery
Transaction code SR
Listed Exchange Zhengzhou Commodity Exchange
Quality standard of sugar futures delivery in Zhengzhou Commodity Exchange
Q/ZSJ002-2005
1 range
This standard specifies the technical requirements, test methods, inspection rules, labeling, packaging and transportation requirements of sugar for futures trading.
This standard is applicable to white sugar produced with sugarcane or beet as direct or indirect raw materials.
2 normative reference documents
The clauses in the following documents become the clauses of this standard by reference. All subsequent modifications (excluding errata) or revisions of dated reference documents are not applicable to this standard. However, parties who have reached an agreement according to this standard are encouraged to study whether the latest versions of these documents can be used. For undated reference documents, the latest edition is applicable to this standard.
GB3 17 white sugar
GB77 18 General Rules for Labeling in prepackaged foods
Hygienic standard for sugar.
GB/T4789. 1 general rules for microbiological inspection of food hygiene.
GB/T4789.2 determination of total number of colonies in microbiological examination of food hygiene
Microbiological examination of food hygiene Determination of coliforms
GB/T4789.4 Microbiological examination of food hygiene-Salmonella examination
GB/T4789.5 Microbiological examination of food hygiene-Shigella examination
GB/T4789. 10 Microbiological examination of food hygiene Staphylococcus aureus examination
GB/T4789. 1 1 microbiological examination of food hygiene; Inspection of hemolytic streptococcus.
GB/T4789. 15 Microbiological examination of food hygiene-Count of molds and yeasts.
GB/T5009.55 Analysis Method of Hygienic Standard for Sugar
Provisions on metrological supervision of quantitatively packed commodities Decree No.43 of the State Bureau of Technical Supervision
3 requirements
3. 1 sugar for futures trading is divided into two types according to technical requirements: first-class and second-class * * *.
3.2 Sensory indicators:
3.2. 1 has a uniform particle size, and the particle size shall not be less than 80% in the following range:
-coarse grain: 0.80 ~ 2.50mm
-large grain: 0.63 ~1.60 mm;
-medium grain: 0.45 ~1.25mm;
-small particles: 0.28 ~ 0.80 mm.
-Fine particles: 0.14 ~ 0.45mm.
3.2.2 The crystal grain or its aqueous solution tastes sweet and has no peculiar smell.
3.2.3 Dry, loose, white and shiny, without obvious black spots.
3.3 See table 1 for the physical and chemical indexes of sugar in futures trading.
Table 1
Project index
First class and second class
Sucrose content, %≥99.699.5
Reducing sugar, %≤0. 100. 15
Conductive ash, %≤0. 100. 13
Loss on drying, %≤0.070. 10
Color value, IU≤ 150240.
Turbidity, MAU≤ 160220
Impurities insoluble in water, mg/kg≤4060.
3.4 Hygienic requirements
The indexes of sulfur dioxide, arsenic, lead, copper, total number of colonies, coliform bacteria, pathogenic bacteria and mites in white sugar shall be implemented according to GB 13 104, with yeast (cfu/g)≤25 and mold (cfu/g)≤25.
4 inspection method
4. 1 sensory project
Inspection shall be carried out according to GB3 17.
4.2 Physical and Chemical Projects
The inspection shall be carried out in accordance with the provisions of GB3 17. The turbidity of white sugar sample = X 1-X2, where X 1 is the attenuation index of the solution before filtration, and MAU and X2 are the color indexes of the sugar solution after microporous membrane filtration, MAU. The unit of turbidity of white sugar sample is milliattenuation unit (MAU), and the calculation result is an integer. The difference between the two measurements should not exceed 10% of its average.
4.3 Sulfur dioxide, arsenic, lead and copper
Inspection shall be carried out in accordance with GB/T5009.55.
4.4 Total number of colonies, coliforms, pathogenic bacteria, yeasts and molds
The inspection shall be in accordance with GB/T4789. 1, GB/T4789.2, GB/T4789.3, GB/T4789.4, GB/T4789. 10, GB/T4789./KL.
4.5 mites
The inspection shall be carried out in accordance with the provisions of GB3 17.
5 inspection rules
The ex-factory inspection of sugar futures shall be carried out in accordance with GB3 17 Ex-factory Inspection, and all items meet the requirements of physical and chemical indicators.
6 signs, labels, packaging, storage and transportation
6. 1 signs and labels
The label of sugar for futures delivery shall comply with the provisions of GB77 18 and shall include the following contents:
A) product name;
B) level;
C) Net content (kg or g);
D) The name and address of the legally registered packaging or distribution unit;
E) product standard number;
F) date of production.
6.2 packaging
6.2. 1 packaging bag
Sugar futures delivery must be packaged in packaging bags that meet the hygiene standards, and there should be strong outer packaging bags (such as woven bags).
Packaging measurement
Sugar for futures delivery, 50 kg in single package. The negative deviation of single net content shall not exceed 100g, and the average deviation of batch shall be greater than or equal to zero.
6.3 For each batch of sugar delivered in the future, the manufacturer shall attach the product certificate and the description of transportation and storage conditions.
6.4 storage and transportation
When the sugar futures are delivered and put into storage, the sugar transport tools must be clean and dry. It is strictly forbidden to transport white sugar mixed with harmful, toxic, odorous and other easily polluted items. When transported by ship, there should be a cushion under the sugar pile to prevent moisture.