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Fuel oil is one of the residual products from the refining of crude oil after the lighter components such as gasoline, kerosene, and diesel are separated out. “Low sulfur” denotes a maximum sulfur content of 0.50% m/m. Fuel oil is used in transportation, power, and refining industries. The new IMO regulations which came into effect in 2020 mandated a global sulfur cap of 0.50% for the fuel oil used in ships.
Futures

LSFO Futures Contract

LSFO futures was listed on June 22, 2020. Traded on the basis of “international platform, net pricing, bonded delivery, and RMB denomination”, it is currently the only physically delivered LSFO futures contract in the world. The successful completion of a cross-border take-delivery arrangement in January 2021, under the “domestic delivery + overseas take-delivery” model, marks a new direction for the two-way opening-up of China’s futures market.
Contract Text Operational Rules Appendixes Attached Sheet Quality Assayers Warehouse Information

Business Data

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  • Contract
  • Trading
  • Settlement
  • Delivery
Trading Day:2025-02-06 Update:2025-02-06 06:51:10
Contract Code Listing Date Expiration Date First Delivery Day Last Delivery Day Benchmark Price
lu2503 20240301 20250228 20250303 20250307 4191
lu2504 20240401 20250331 20250401 20250408 4373
lu2505 20240506 20250430 20250506 20250512 4241
lu2506 20240603 20250530 20250603 20250609 4076
lu2507 20240701 20250630 20250701 20250707 4244
lu2508 20240801 20250731 20250801 20250807 3945
lu2509 20240902 20250829 20250901 20250905 3805
lu2510 20241008 20250930 20251009 20251015 3675
lu2511 20241101 20251031 20251103 20251107 3753
lu2512 20241202 20251128 20251201 20251205 3760
lu2601 20250102 20251231 20260105 20260109 3841
lu2602 20250205 20260130 20260202 20260206 3896
Trading Day:2025-02-06 Update:2025-02-06 06:51:20
Code Margin Rate
 Limit Up(%) Limit Down(%)
Long Speculation(%) Short Speculation(%) Long Hedging(%) Short Hedging(%)
lu2503 10 10 10 10 7 7
lu2504 9 9 8 8 7 7
lu2505 9 9 8 8 7 7
lu2506 9 9 8 8 7 7
lu2507 9 9 8 8 7 7
lu2508 9 9 8 8 7 7
lu2509 9 9 8 8 7 7
lu2510 9 9 8 8 7 7
lu2511 9 9 8 8 7 7
lu2512 9 9 8 8 7 7
lu2601 9 9 8 8 7 7
lu2602 9 9 8 8 14 14
Note：
  1.The transaction fee for closing out the position opened on the same day=the haircut rate for closing out the position opened on the same day * transaction fee, which is waived then the value is zero.
  2.Transaction fee for LSFO futures shall refer to the amount of transaction fee.
Trading Day:2025-02-06 Update:2025-02-06 06:51:40
Code Settle Transaction Fee
for
Speculation
(‰)		 Transaction Fee
for
Hedging
(‰)		 Transaction Fee
for
Speculation
(RMB/Lot)		 Transaction Fee
for
Hedging
(RMB/Lot)		 Delivery Fee
(RMB/ton)		 Margin Rate Discount Rate
for Closing-out
Today’s Position (%)
Long
Speculation
(%)		 Short
Speculation
(%)		 Long
Hedging
(%)		 Short
Hedging
(%)
lu2503 4001 0.010 0.005 0.00 0.00 0 10 10 10 10 100
lu2504 3987 0.010 0.005 0.00 0.00 0 9 9 8 8 100
lu2505 3980 0.010 0.005 0.00 0.00 0 9 9 8 8 100
lu2506 3960 0.010 0.005 0.00 0.00 0 9 9 8 8 100
lu2507 3935 0.010 0.005 0.00 0.00 0 9 9 8 8 100
lu2508 3897 0.010 0.005 0.00 0.00 0 9 9 8 8 100
lu2509 3891 0.010 0.005 0.00 0.00 0 9 9 8 8 100
lu2510 3869 0.010 0.005 0.00 0.00 0 9 9 8 8 100
lu2511 3847 0.010 0.005 0.00 0.00 0 9 9 8 8 100
lu2512 3833 0.010 0.005 0.00 0.00 0 9 9 8 8 100
lu2601 3820 0.010 0.005 0.00 0.00 0 9 9 8 8 100
lu2602 3896 0.010 0.005 0.00 0.00 0 9 9 8 8 100
Trading Day:2025-02-06Update:2025-02-06 06:32:31
Code Delivery and Settlement Price Delivery Margin
Rate(%)		 Physical Delivery
Unit Price(RMB/ton)		 First Delivery Day Last Delivery Day
Tax-paid Bonded
lu2502 4203 4203 20 0 20250205 20250211
lu2503 20 0 20250303 20250307
lu2504 20 0 20250401 20250408
lu2505 20 0 20250506 20250512
lu2506 20 0 20250603 20250609
lu2507 20 0 20250701 20250707
lu2508 20 0 20250801 20250807
lu2509 20 0 20250901 20250905
lu2510 20 0 20251009 20251015
lu2511 20 0 20251103 20251107
lu2512 20 0 20251201 20251205
lu2601 20 0 20260105 20260109
lu2602 20 0 20260202 20260206
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Delayed Market Data

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30 minutes delayed 30 minutes delayed
Contract Last Chg Open Interest Volume Tas Volume Turnover Bid-Ask Pre-clear Open Low High Chart
{{item.contractname}} {{item.lastprice | toFixedNum(decimal_number)}} {{item.upperdown | toFixedNum(decimal_number)}} {{item.openinterest}} {{item.volume}} {{tas_obj[item.contractname]==null||tas_obj[item.contractname]==""?"--":tas_obj[item.contractname]}} {{item.turnover | toFixedNum(turnover_decimal_number)}} {{item.bidprice | toFixedNum(decimal_number)}}/{{item.askprice | toFixedNum(decimal_number)}} {{item.presettlementprice | toFixedNum(decimal_number)}} {{item.openprice | toFixedNum(decimal_number)}} {{item.lowerprice | toFixedNum(decimal_number)}} {{item.highprice | toFixedNum(decimal_number)}}
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Statistics Data

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  • Daily Express
  • Daily Ranking
  • IPA
  • Daily Warrant
  • Settlement PRA.
SHFE Futures Contracts Quotation

Date：2025-02-06


Note：
1. Quoted Price: RMB yuan/ton for LSFO.
2. Unit Price: 10 tons/lot for LSFO.
3. The unit of trading volume, open interest and change of positions is lot, which is counted as one-sided. The unit of turnover is RMB 10,000, which is counted as one-sided.
4. price change 1=closing price-settlement price of previous day ; price change 2=settlement price - settlement price of previous day.
5. Futures trading volume and turnover including that of self-trades.
6.Before the settlement of the contract, its volume or turnover does not include that from TAS; After the settlement of the contract has finished, the TAS volume or turnover will be counted into the volume or turnover of the contract.
Delivery month
{{item.DELIVERYMONTH | translation}}
Delivery monthPre settleOpenHigh LowCloseSettlech1ch2 TAS Volume Volume Turnover O.I & Change
Delivery monthPre settleOpenHigh LowCloseSettlech1ch2 TAS Volume Volume Turnover O.I & Change
{{item.DELIVERYMONTH | translation}} {{item.PRESETTLEMENTPRICE | toFixedNum1}} {{item.OPENPRICE | toFixedNum1}} {{item.HIGHESTPRICE | toFixedNum1}} {{item.LOWESTPRICE | toFixedNum1}} {{item.CLOSEPRICE | toFixedNum1}} {{item.SETTLEMENTPRICE | toFixedNum1}} {{item.ZD1_CHG | toFixedNum1 }} {{item.ZD2_CHG | toFixedNum1 }} {{item.TASVOLUME }} {{item.VOLUME}} {{item.TURNOVER | toFixedNum(2)}} {{item.OPENINTEREST }} {{item.OPENINTERESTCHG}}
SHFE Futures Contracts Quotation

Date：2025-02-06


Note：
1. Quoted Price: RMB yuan/ton for LSFO.
2. Unit Price: 10 tons/lot for LSFO.
3. The unit of trading volume, open interest and change of positions is lot, which is counted as one-sided. The unit of turnover is RMB 10,000, which is counted as one-sided.
4. price change 1=closing price-settlement price of previous day ; price change 2=settlement price - settlement price of previous day.
5. Futures trading volume and turnover including that of self-trades.
6.Before the settlement of the contract, its volume or turnover does not include that from TAS; After the settlement of the contract has finished, the TAS volume or turnover will be counted into the volume or turnover of the contract.
Delivery month Pre settle Open High Low Close Settle ch1 ch2 TAS Volume Volume Turnover O.I & Change
{{item.DELIVERYMONTH | translation}} {{item.PRESETTLEMENTPRICE | toFixedNum1}} {{item.OPENPRICE | toFixedNum1}} {{item.HIGHESTPRICE | toFixedNum1}} {{item.LOWESTPRICE | toFixedNum1}} {{item.CLOSEPRICE | toFixedNum1}} {{item.SETTLEMENTPRICE | toFixedNum1}} {{item.ZD1_CHG | toFixedNum1 }} {{item.ZD2_CHG | toFixedNum1 }} {{item.TASVOLUME }} {{item.VOLUME}} {{item.TURNOVER | toFixedNum(2)}} {{item.OPENINTEREST }} {{item.OPENINTERESTCHG}}
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