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Updated on Dec 01,2020

Shanghai International Energy Exchange Releases the Circular on Adjusting the Deliverable Crude Stream for Crude Oil Futures

Shanghai International Energy Exchange releases the Circular on Adjusting the Deliverable Crude Stream for Crude Oil Futures as follows:

In accordance with the Contract of Crude Oil Futures of Shanghai International Energy Exchange (hereinafter referred to as INE) and the Delivery Rules of Shanghai International Energy Exchange, INE hereby decides to add Murban crude oil to its deliverable crudes. The loading port is set to be either Fujairah Terminal or Jebel Dhanna Terminal. The grade and price differential of the newly-added deliverable crude oil are stipulated as follows:

Grade and Price Differentials of the Newly-added Deliverable
Crude Oil for INE Crude Oil Futures:

         Notes: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.

From June 1st, 2021, the Murban crude oil will be allowed to be loaded-in and be used for standard warrant issuance and futures delivery. INE will closely track and review market developments in each deliverable crude stream, timely adjust the deliverable crude streams, grades, and/or price differentials, and release notifications accordingly.
INE hereby notifies as the above.
 

Shanghai International Energy Exchange
December 1, 2020
 

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