Home » News » Announcements » content

INE Circular defining the Deliverable Crude Streams, Deliverable Grades, and Final Settlement Price Differentials for Shanghai International Energy Exchange Crude Oil Futures

 INE Circular defining the Deliverable Crude Streams, Deliverable Grades, and Final Settlement Price Differentials for Shanghai International Energy Exchange Crude Oil Futures

    Effective on, January, 2018, pursuant to the Contract Specifications of Crude Oil Futures and the Delivery Rules of the Shanghai International Energy Exchange, INE has set the deliverable crude streams, deliverable grades, and final settlement price differentials for INE crude oil futures as follows:

 

The deliverable crude streams, deliverable grades and
final settlement price differentials for INE crude oil futures

 

Nation

Deliverable Crudes

Minimum API Gravity

Maximum Sulfur (%)

Price Differential

(Yuan / Barrel)

United Arab Emirates

Dubai

30

2.8

0

United Arab Emirates

Upper Zakum

33

2.0

0

Sultanate of Oman

Oman

30

1.6

0

State of Qatar

Qatar Marine

31

2.2

0

Republic of Yemen

Masila

31

0.8

5

Republic of Iraq

Basra Light

28

3.5

-5

People’s Republic of China

Shengli

24

1.0

-5

 

1. API gravity = (141.5 / S.G.60/ 60 °F) – 131.5; S.G.: as per ASTM D1298

2. Sulfur content: as per ASTM D4294.

 

The Exchange will closely track and review market developments in each deliverable crude stream, and make timely adjustments to the deliverable crude streams, grades, and/or price differentials accordingly.

 

Attachment