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Oil, Gas, Petrochemical and Energy Field Specialized Channel
Oil, Gas, Petrochemical and Energy Field Specialized Channel
Oil, Gas, Petrochemical and Energy Field Specialized Channel

China's Shanghai Exchange Launches New Fuel Oil Contract

Sinopec and China National Petroleum Corp (CNPC) among other oil and chemical majors have participated in the trading.

 

The Shanghai Futures Exchange (ShFE) launched 380-centistoke bonded fuel oil contract on Monday, the exchange said in a press release

 Trading volume of the futures by market close reached 59,658 lots, at 1.8 billion yuan ($269.80 million), according to the exchange

Sinopec and China National Petroleum Corp (CNPC) among other oil and chemical majors have participated in the trading, the release said

The 380-centistoke bonded fuel oil contract was China’s second bonded energy futures after the March launch of crude oil futures on the Shanghai International Energy Exchange (INE), a ShFE subsidiary.

 

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