Soybean oil futures, the second commodity futures product approved in 2006, was officially listed on Dalian Commodity Exchange on June 5438+1October 9, 2006. It is mainly used in cooking, food, industry and medicine.

The quality standard of soybean oil futures delivery is based on the national standard of soybean oil in China, and the project setting and value selection are basically the same. At the same time, some indicators and values that do not meet the development of the spot market have been fine-tuned. For example, the phosphorus content index which is not in the national standard but is widely used by spot enterprises is increased, the phosphorus content is designed to be ≤200mg/kg, and the acid value is adjusted from ≤4.0mgKOH/g in the national standard to ≤ 3.0 mg KOH/g, so that the domestic soybean crude oil can basically meet the delivery standard; Imported soybean oil may have solvent residue and other indicators that do not meet the standards. However, the imported soybean oil can meet the quality standard of futures delivery after simple processing. At the same time, in order to simplify the contract, soybean oil futures have no grade premium.