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Updated on Apr 02,2023
Fuel Oil Futures Contract Specifications
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Product
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Fuel Oil
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Contract Size
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10 metric tons/lot
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Price Quotation
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Yuan (RMB)/metric ton (exclusive of tax)
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Minimum Price Fluctuation
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1 Yuan/metric ton
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Daily Price Limit
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Within 5% of the settlement price of the preceding trading day
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Listed Contracts
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Monthly contract for the most recent 12 months
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Trading Hours
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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)
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Last Trading Day
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The last trading day of the month before the contract month, subject to adjustment by the Exchange in case of legal holidays in China
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Delivery Period
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Two consecutive business days after the last trading day
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Grade and Quality Specifications
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Marine fuel oil of grade RMG 380 (sulfur content level I or II) or higher grades (refer to Appendix for detailed quality standards)
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Delivery Venue
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Delivery venues designated by the Exchange
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Minimum Trading Margin
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8% of contract value
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Settlement Type
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Physical delivery
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Delivery Unit
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10 metric tons
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Contract Symbol
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FU
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Listing Exchange
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Shanghai Futures Exchange
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沪公网安备 31011502008304号