marine link image
Register now for the Port of the Future Conference • 2 Days, 50 Ports • Houston/Galveston area, TX • April 12–14, 2027

Shanghai Exchange Unveils Trading Rules for LSFO Futures Contract

June 10, 2020

© Alexey Seafarer / Adobe Stock
© Alexey Seafarer / Adobe Stock

China's Shanghai International Energy Exchange (INE) published rules for the low-sulphur fuel oil (LSFO) futures on Wednesday, according to the exchange's website.

The new futures contract, which will be launched on June 22, will be traded at 10 tonnes per lot, according to the Shanghai bourse.

The INE, a subsidiary of the Shanghai Futures Exchange, said daily price limits of LSFO futures are at 5% from the settlement price of the previous trading session and the minimum trading margin is 8% of the contract value.

The launch of LSFO futures will help with companies' risk management in the industry and build a "low-carbon, safe and highly efficient energy system", the Shanghai Futures Exchange said in a statement.


(Reporting by Min Zhang and Emily Chow, editing by Louise Heavens)

Logistics News

Russian Strikes Hit Ukrainian Military Facilities, Vessels

Russian Strikes Hit Ukrainian Military Facilities, Vessels

Most Gulf Shares Lower As Shipping Uncertainties Persist

Most Gulf Shares Lower As Shipping Uncertainties Persist

Oil Tanker Insurance Triples Amidst Global Shipping Tensions

Oil Tanker Insurance Triples Amidst Global Shipping Tensions

Russia Begins Commercial Exports of Vostok Oil

Russia Begins Commercial Exports of Vostok Oil

Subscribe for Maritime Logistics Professional E‑News

New York Times Business News - September 23,
US wants to spend another $30 billion on aviation systems
Saudi Arabia restarts East West oil pipeline, according to sources