On July 16, 380 bonded marine fuel oil futures set sail again as the delivery target in the previous period. Speaking of fuel oil futures in the history of China futures, it can be regarded as a link between the past and the future. Just after the standardization and rectification of China's futures market in the first few years of this century, a new futures product 180 fuel oil futures contract was launched again in 2004 after many years. The delivery object at that time was fuel oil for power generation. Listed for several years, it developed before and after the financial crisis in 2008, and the turnover exceeded 1 10,000 lots/day. However, with the continuous increase of consumption tax in 2009, the trading volume of fuel oil futures began to drop sharply. 20 1 1, the exchange changed the contract trading unit from 10 ton/hand to a large contract of 50 ton/hand, and the delivery target was changed from power plant fuel oil to domestic marine fuel oil. Coupled with quality confusion, market participation gradually decreased until 20 17. What opportunities will the re-listing of 380 fuel oil futures bring to the market?

Matters needing attention in listing bonded 380 fuel oil futures contract

(a) listing contract and time

The listing contracts are FU 190 1, FU 1902, FU 1903, FU 1904, FU 1905, FU 1906. The listing time was 20 18 and 16 in July, and the market opened in call auction from 8: 55 to 9: 00 on that day.

(2) Trading time

Every Monday to Friday from 9: 00 a.m. to 165438+ 0: 30 a.m. and 1:30-3:00 p.m., and the continuous trading time from Monday to Friday is 2 1: 00 to 23: 00. No trading will be conducted during the continuous trading period on the first working day before legal holidays (excluding Saturday and Sunday).

(3) Benchmark price: announced on the trading day before the listing of the contract.

(4) Trading margin and price limit.

The trading margin is10% of the contract value; The price is limited to 6%. The first trading day is limited to 65438+ 0.2% of the benchmark price.

(5) Post announcement

When the contract positions in a month reach 654.38+10,000 lots (two-way), we will announce the trading volume, buying positions and selling positions of the top 20 futures company members in that month, as well as the total trading volume, buying positions and selling positions of futures company members and non-futures company members of this futures product.

(6) Transaction fee: 0.5 ‰ of the transaction amount, and Pingjincang is temporarily exempted from transaction fee.