Medium Sour Crude Oil (SC)

Product

Medium Sour Crude Oil

Contract Size

1000 barrels per lot

Price Quotation

(RMB) Yuan per barrel

(no tax or duty included in the quotation)

Minimum Price Fluctuation

0.1 Yuan / barrel

Daily Price Limits

±4% from the settlement price of the previous trading day

Listed Contracts

Monthly contracts of recent twelve (12) consecutive months followed by eight (8) quarterly contracts.

Trading Hours

9:00-11:30 a.m., 1:30-3:00 p.m. (the Beijing Time), and other trading hours as prescribed by the Exchange

Last Trading Day

The last trading day of the month prior to the delivery month; The Shanghai International Energy Exchange is entitled to adjust the last trading day in accordance with the national holidays.

Delivery Period

Five (5) consecutive trading days after the last trading day.

Grades and Quality Specifications

Medium sour crude oil with the quality specifications of API 32.0 degrees and sulfur content 1.5% by weight

The deliverable grades and the price differentials will be stipulated separately by the Shanghai International Energy Exchange.

Delivery Venues

Delivery Storage Facilities designated by the Shanghai International Energy Exchange

Minimum Trading Margin

5% of contract value

Settlement Type

Physical delivery

Product Symbol

SC

Listing Exchange

Shanghai International Energy Exchange