Low Sulfur Fuel Oil (LU)

Product

Low Sulfur Fuel Oil

Contract Size

10 metric tons/lot

Price Quotation

(RMB) Yuan/metric ton (no tax or duty included in the quotation)

Minimum Price Fluctuation

1 Yuan/metric ton

Daily Price Limits

±5% from the settlement price of the previous trading day

Delivery Months

January, February, March, April, May, June, July, August, September, October, November, and December

Trading Hours

9:00-11:30 a.m., 1:30-3:00 p.m. (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 (postponed accordingly if it is a national holiday or weekend; the Shanghai International Energy Exchange is entitled to adjust the last trading day in accordance with the national holidays or weekends.)

Delivery Period

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

Grades and Quality Specifications

Low sulfur marine fuel oil, refer to Appendix for detailed quality standards

Delivery Venues

Delivery Storage Facilities designated by the Shanghai International Energy Exchange

Minimum Trading Margin

8% of contract value

Settlement Type

Physical delivery

Product Symbol

LU

Listing Exchange

Shanghai International Energy Exchange