China's Dalian Commodity Exchange (DCE) announced on late Tuesday that it had revised the egg futures contracts and delivery rules in an effort to be close to market reality and give better play to futures market's role in serving the industry development.
The revised contracts and rules will come into operation from the egg contract for delivery in March, 2017. In this revision, the DCE improved the delivery means and supporting regulations, added systems, like the sweeping board delivery, and revised relevant regulations about the delivery quality standards.
The introduction of the sweeping board delivery system is a bright spot in the reversion, which will make it easy for traders to participate in the futures trading, accelerate goods turnover, and effectively reduce costs of egg delivery for traders, said an analyst of Xinhu Futures.
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