Fuel Oil (FU)

Product

Fuel Oil

Contract Size

10 metric tons/lot

Price Quotation

Yuan (RMB)/metric ton (exclusive of tax)

Minimum Price Fluctuation

1 Yuan/metric ton

Daily Price Limit

Within 5% of the settlement price of the preceding trading day

Listed Contracts

Monthly contract for the most recent 12 months

Trading Hours

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)

Last Trading Day

The last trading day of the month before the contract month, subject to adjustment by the Exchange in case of legal holidays in China

Delivery Period

Three consecutive business days after the last trading day

Grade and Quality Specifications

Marine fuel oil of grade RMG 380 (sulfur content level I or II) or higher grades (refer to Appendix for detailed quality standards)

Delivery Venue

Delivery venues designated by the Exchange

Minimum Trading Margin

8% of contract value

Settlement Type

Physical delivery

Delivery Unit

10 metric tons

Contract Symbol

FU

Listing Exchange

Shanghai Futures Exchange