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Updated on Nov 06,2020

Shanghai International Energy Exchange Releases the Notice on the Adjustment of Storage Fee of Futures Crude Oil and Futures Low Sulfur Fuel Oil

All related parties,
  Shanghai International Energy Exchange (hereinafter referred to as “INE”), subsidiary of Shanghai Futures Exchange,has released the Notice on the Adjustment of Storage Fee of Futures Crude Oil and Futures Low Sulfur Fuel Oil (Circular [2020] No.185 ) on November 6, 2020.
  In accordance with the Delivery Rules of the Shanghai International Energy Exchange, Notice Regarding the Delivery of Crude Oil Futures (Circular[2018]11),Notice Regarding the Delivery of the Low Sulfur Fuel Oil Futures(Circular[2020]116) and other applicable rules, as well as the current of domestic and overseas market conditions, INE hereby decides to adjust the storage fee of futures crude oil and futures low sulfur fuel oil respectively to RMB 0.3 yuan/barrel per day and RMB 2 yuan/ton per day from March 1, 2021. The storage fee shall be collected by a Designated Delivery Storage Facility from a commodity owner or its authorized representative. INE reserves the right to adjust the rate of storage fees through announcements in view of market development.
  Shanghai Futures Exchange hereby notifies as the above.
 

Shanghai Futures Exchange
November 6, 2020
 

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