Products Specs
Crude Oil
02.08 / 2020
FANGZHENG
| 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 willbe 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 |
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