Trading variety

fuel oil

Trading unit

10 ton/hand

Quotation unit

Yuan (RMB)/ton

Minimum variable price

1 yuan/ton

Maximum daily price fluctuation limit

The settlement price of the previous trading day was 5%

Contract delivery month

1-65438+February (except Spring Festival)

trading hour

9: 00 am-165438+0:30-3:00 pm

last trading day

The last trading day of January before the contract delivery month.

delivery date

Five consecutive working days after the last trading day.

Delivery grade

180CST fuel (see annex for specific quality regulations) or

Other fuel oils with better quality than this standard.

place of delivery

Designated delivery place of the exchange

Mode of delivery

Actual delivery

Event code

Fu; Feed unit

Listed exchange

Shanghai Futures Exchange

Annex to the fuel oil standard contract of Shanghai Futures Exchange

I. Delivery unit

The standard contract delivery unit of fuel oil is 10 lot (100 ton), and the delivery quantity is.

Must be an integer multiple of the delivery unit.

Second, the quality regulations

Shanghai Futures Exchange Fuel Oil Quality Standard

project

Limit degree

test method

Density (15℃, kg/l)

Not higher than 0.985

ASTM D 1298

Kinematic viscosity (50℃, CST)

Not higher than 180

ASTM D445

Ash (m/m,%)

Not higher than 0. 10

ASTM D482

Residual carbon (m/m,%)

Not higher than 14

ASTM D 189

Pour point (℃)

Not higher than 24

ASTM D97

Moisture (volume ratio,%)

Not higher than 0.5

ASTM D95

Flash point (℃)

Not less than 66

ASTM D93

Sulfur (m/m,%)

Not higher than 3.5

ASTM D4294/D 1552

Total mechanical impurity content (m/m,%)

Not higher than 0. 10

ASTM D4870

Vanadium content (PPM)

Not higher than 150

Inductively Coupled Plasma

Third, the designated delivery depot.

Designated by the exchange and announced separately.

Annex II:

Detailed Rules for the Implementation of Fuel Oil Futures Delivery in Shanghai Futures Exchange

(Trial)

Chapter I General Principles

Article 1 In order to ensure the fuel of Shanghai Futures Exchange (hereinafter referred to as the Exchange)

Normal oil futures delivery business, standardize physical delivery behavior, according to "Shanghai"

These rules are formulated in accordance with the trading rules of the futures exchange and relevant implementation rules.

Article 2 An exchange shall abide by these Detailed Rules when conducting fuel oil delivery business.

Members, investors and designated delivery oil depots must abide by these rules.

Article 3 The term "physical delivery" as mentioned in these Detailed Rules refers to futures delivered by both parties to a transaction.

The process of transferring the ownership of the goods contained in the contract and closing the open contract.

The physical delivery of the expired fuel oil futures contract shall be carried out in accordance with the standard delivery process. not yet

Expired fuel oil futures contracts can be converted from futures to spot (hereinafter referred to as futures conversion).

Now) for physical delivery, delivery both sides in cash (including warehouse receipts and delivery.

Cut) way, should be declared in advance and matching success.

Article 4 The physical delivery of investors shall be handled by members and in their names.

At the exchange. Investors who cannot deliver or receive special VAT invoices are not

Allow delivery.

Article 5 Delivery place: The actual delivery place of an expired contract refers to the exchange.

Fixed-point transportation oil depot (see Annex I). The unexpired contract shall be delivered by cash transfer.

The place of delivery shall be specified by both parties in the cash transfer agreement.

Chapter II Standard Delivery Process

Article 6 The standard delivery process refers to the process in which the buyer and the seller use the standard after the expiration of the contract.

Warehouse receipts (the format shall be uniformly formulated by the Exchange) shall be implemented in kind according to the prescribed procedures.

Mode of delivery.

Article 7 Inspection methods and institutions

The oil products entering and leaving the warehouse shall be inspected by the inspection organization designated by the Exchange (see Annex II).

The sampling method adopts ASTM D4057, and the test method refers to the fuel oil futures standard.

About.

When the oil products are put into storage, the inspection institution shall be selected by the seller from the inspection institutions designated by the exchange.

Alternatively, the inspection institution for oil products leaving the warehouse shall be selected by the buyer from the inspection institutions designated by the exchange.

choose If the delivery depot has any objection to the inspection organization selected by the buyer or seller, it can compare with the inspection organization.

Party A negotiates to re-designate the inspection organization. If negotiation fails, you can apply to the exchange.

The inspection institution shall be designated by the exchange. Both the buyer and the seller and the oil depot must cooperate with the designated inspection.

Institutional inspection work. The inspection fees shall be borne by the buyer and the seller respectively.

Article 8 warehousing declaration

Before delivery to the designated delivery warehouse, the owner must make pre-delivery at the exchange.

Report, fill in the "Shanghai Futures Exchange fuel oil storage declaration form/notice" (abbreviated as Jane

Called "fuel oil warehousing notice"), including variety, grade, quantity and delivery.

Specify the delivery unit and the name of the oil depot. The investor's declaration must be entrusted by him.

For brokerage members.

Article 9 Examination and approval of warehousing declaration

If the storage capacity permits, the Exchange will consider the owner's wishes within 3 trading days.

The fuel oil warehousing notice is issued internally. Fuel oil warehousing notice in duplicate,

The first copy is left in the exchange, and the second copy is given to the owner. The owner must press the "fuel storage pass"

There is no notice of fuel oil storage for delivery in the designated delivery oil depot determined in the notice.

The goods cannot be used for delivery.

Tenth warehousing deposit declaration

The owner must fill in the fuel oil warehousing notice accurately and pay 30 yuan/ton.

Declare the deposit, and the declared deposit shall be transferred from the member settlement reserve account by the exchange.

The fuel oil storage notice is valid within 15 days from the date of issuance.

If the consignor carries out the fuel oil warehousing notice within the validity period, the exchange shall

After obtaining the standard warehouse receipt, the owner will return the declared deposit to the member's settlement reserve account.

In the house. Partially realized, returned according to the actual arrival quantity; Failing to declare and enter

The deposit declared by the warehouse will not be refunded and will be paid by the exchange to the delivery oil depot.

Article 11 warehousing documents

After the oil products arrive at the designated delivery warehouse, the designated delivery warehouse shall handle the arrival and related matters.

The file has been verified.

Article 12 warehousing inspection

When the consignor enters the warehouse, he shall entrust an inspection agency designated by the exchange for inspection.

Inspection is divided into two parts: quality inspection and quantity inspection.

(1) Quality inspection of stored oil products

Before the oil products are put into storage, the inspection agency shall deal with the oil products (sample A) in the ship's warehouse and the crude oil products in the warehouse.

Sample the oil (sample b) and seal it. After the oil products are put into storage, the inspection organization will inspect the mixed warehouse.

The internal oil (sample C) shall be sampled and tested again, and an inspection report shall be issued. E.g. c-sample detection.