Products and Services

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

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.