Futures in China
Fuel Oil Contract Specifications 2014-09-01
Product Fuel Oil
Contract Size 50 ton/lot
Price Quotation Yuan (RMB)/ton
Minimum Price Fluctuation 1 Yuan/ton
Daily Price Limit Within 5% above or below the settlement price of the previous trading day
Contract Series Monthly contract of recent 12 months from January to December (excluding the Spring Festival)
Trading Hours 9:00 a.m. to 11:30 a.m., 1:30 p.m. to 3:00 p.m. (the Beijing Time)
Last Trading Day The last trading day of the month prior to the delivery month
Delivery Period Five consecutive business days after the last trading day
Grade and Quality
Fuel oil,180CST or higher standard (refer to the Attachment for detailed quality requirement)
Delivery Venue SHFE Certified Delivery Warehouse
Minimum Trade Margin 8% of contract value
Settlement Type Physical Delivery
Contract Symbol FU
Exchange SHFE