Shanghai INE VLSFO futures project enters milestone, trading simulations to start in June
- Published
by Admin
Simulations will run from 1 June to 12 June and new contracts will be available to international companies; official launch dates or delivery details remain undisclosed.
The Shanghai International Energy Exchange (INE) on Wednesday (27 May) said it plans to conduct a mock test of its Low Sulphur Fuel Oil Futures from 1 June to 12 June, 2020.
The new contract will be open to international companies, and will be traded in 10 metric tonne (mt) lots.
The lots will be denominated in Yuan (RMB), with contracts listed twelve months ahead beginning with January 2021.
The settlement type is noted to be physical delivery; however, no other delivery details were disclosed in its statement.
The Low Sulphur Fuel Oil Futures Mock Test Guide released by Shanghai INE is available here.
