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On the 23rd, Dalian Commodity Exchange (DCE) announced to set Hubei Jiahemei Food Co., Ltd. as a designated vehicle-board delivery site for the egg futures with the daily maximum delivery volume available at 50 tonnes and the premium at RMB 50 / 500kg. The designated vehicle-board delivery site will come into operation starting on March 1, 2017.
On the same day, in order to ensure the normal operation of the delivery business for the egg futures, standardize the physical delivery behaviors and effectively manage the vehicle-board delivery sites and relevant personnel, DCE issued and implemented the “Measures of DCE for the Management Work in Designated Vehicle-board Delivery Sites of the Egg Futures (for Trial Implementation)” (the Measures for short).
The designated vehicle-board delivery site is the designated delivery site recognized by DCE to provide the delivery service for the vehicle-board delivery. The Measures stipulates the conditions and procedures for the establishment, major events and changes, rights and obligations, supervision and management and other aspects for the vehicle-board delivery sites.
An official of the agricultural products business division of DCE said in an interview that according to the requirements for the Measures, DCE encourages qualified enterprises to vigorously apply for the qualification of DCE’s designated vehicle-board delivery sites for the egg futures. The official also reminded that in terms of the delivery time, starting from the JD1703 Contract, each day in the month can be selected for delivery of the egg futures. In the process, the delivery should be initiated by the seller, and then the buying client will be chosen and matched on the basis of the principle of “priority given to submitted intentions and earliest opened positions”. As individual clients are not allowed to participate in delivery, such clients participating in the trading of the egg futures shall choose to close the positions at appropriate time before the delivery month. That is to say, the individual clients participating in the trading of the JD1703 Contract shall choose to close the positions at appropriate time before March 1.
