Fuel Oil Futures Contract Specifications
Product
|
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
|
Two 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
|
FU
|
Listing Exchange
|
Shanghai Futures Exchange
|