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Fuel Oil Contract Specifications


Fuel Oil Futures Contract Specifications

Fuel Oil
Contract Size
10 metric tons/lot
Price Quotation
Yuan (RMB)/metric ton (exclusive of tax)
Minimum Price Fluctuation
1 Yuan/metric ton
Daily Price Limit
Within 5% of the settlement price of the preceding trading day
Listed Contracts
Monthly contract for the most recent 12 months
Trading Hours
9:00 a.m. to 11:30 a.m., 1:30 p.m. to 3:00 p.m., and other hours specified by the Exchange (Beijing Time)
Last Trading Day
The last trading day of the month before the contract month, subject to adjustment by the Exchange in case of legal holidays in China
Delivery Period
Three consecutive business days after the last trading day
Grade and Quality Specifications
Marine fuel oil of grade RMG 380 (sulfur content level I or II) or higher grades (refer to Appendix for detailed quality standards)
Delivery Venue
Delivery venues designated by the Exchange
Minimum Trading Margin
8% of contract value
Settlement Type
Physical delivery
Delivery Unit
10 metric tons
Contract Symbol
Listing Exchange
Shanghai Futures Exchange