To all market participants:

The Shanghai International Energy Exchange (“INE”) releases mean of settlement price and mean of close price for TSR 20 futures starting from September 8th, 2022. This information will also be disclosed on SHFE’s official site.

I. Formulas for mean of prices

1. Mean of settlement price =

2. Mean of close price =
. If there is no close price in certain trading days, the price will be calculated in zero and the days won’t be accumulated in the formula.

II. Contracts covered

Contracts with delivery months covering the first to the third calendar months after the current calendar month. For example, in September 2022, INE releases mean of settlement price and mean of close price of NR2210, NR2211, and NR2212.

III. Calculation period

Mean of settlement price and mean of close price are calculated from the first trading day of the current calendar month to the last trading day of the current calendar month.

IV. Release channel

Mean of settlement price and mean of close price are released on SHFE’s official site each day after market close.

The English version of this Circular available on SHFE’s official website is for reference only. If there is any conflict between the English and Chinese version, the Chinese version will prevail.

Shanghai International Energy Exchange
September 8, 2022