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China Internationalised Products > INE > LSFO
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Low Sulfur Fuel Oil
INE LSFO Futures is the 5th China Internationalised Futures Product and the 3rd Internationalised Product of INE.
INE LSFO Futures Contract Specifications |
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| Product | Low Sulfur Fuel Oil |
| Contract Size | 10 metric tons/lot |
| Price Quotation | (RMB) Yuan/metric ton (no tax or duty included in the quotation) |
| Minimum Price Fluctuation | 1 Yuan/metric ton |
| Daily Price Limits | ±5% from the settlement price of the previous trading day |
| Delivery Months | January, February, March, April, May, June, July, August, September, October, November, and December |
| Trading Hours | Please refer to Trading Holidays & Hours |
| Last Trading Day | The last trading day of the month prior to the delivery month (postponed accordingly if it is a national holiday or weekend; the Shanghai International Energy Exchange is entitled to adjust the last trading day in accordance with the national holidays or weekends.) |
| Delivery Period | Five (5) consecutive trading days after the last trading day |
| Grades and Quality Specifications | Low sulfur marine fuel oil, refer to Appendix for detailed quality standards |
| Delivery Venues | Delivery Storage Facilities designated by the Shanghai International Energy Exchange |
| Minimum Trading Margin | 8% of contract value |
| Settlement Type | Physical delivery |
| Product Symbol | LU |
| Listing Exchange | Shanghai International Energy Exchange |
Delivery Process
Delivery Related Fees
The buyer and seller involved in a physical delivery shall each pay a delivery fee at the rate of RMB 1 /metric ton to INE.
*For most accurate and up-to-date information, please refer to the respective exchange’s website.
