Shanghai International Energy Exchange has released its Circular on the Release of Monthly Average Settlement Prices for the Shanghai Crude Oil Futures as follows:

To all market participants:

Starting from May 10, 2022, the Shanghai International Energy Exchange (“INE”) will release the Monthly Average Settlement Price (MASP) for the calendar month contracts and the active month contracts on crude oil futures. The details are as follows.

I. Formulas for monthly average settlement price

A=Daily settlement price of the nearest month contract (for the period from the first trading day to the thirteenth-to-last trading day of the nearest month contract in the current month) 

B=Daily settlement price of the next-nearest month contract (for the period from the twelfth-to-last trading day of the nearest month contract to the last trading day of the next-nearest month contract in the current month)

II. Contract months covered
Contracts with delivery months covering the first to the sixth calendar months after the current calendar month. For example, in March 2022, SHFE will release the MASP of SC2204, SC2205, SC2206, SC2207, SC2208, and SC2209 for the month of March. 

III. Calculation period
MASP is calculated from the first trading day of the current calendar month to the last trading day of the current calendar month.

IV. Releasing Method
MASP will be released on INE’s official site each day after daily market close.

Shanghai International Energy Exchange
May 9, 2022