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Shanghai INE VLSFO futures project enters milestone, trading simulations to start in June

29 May 2020

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.


Photo credit: Edward He on Unsplash
Published: 29 May, 2020

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