1. Fuel oil futures refer to trading varieties with fuel oil as the subject matter of futures. The correlation between the spot price of fuel oil in China and the futures price of fuel oil in the international market is above 90%. In view of the close relationship between Shanghai copper price and London copper price, it is expected that Shanghai fuel oil futures will be linked to new york crude oil futures and 180CST fuel oil futures of Singapore Futures Exchange as soon as they are listed, and the correlation will not be less than 90%. The first batch of new fuel oil contracts put on hold this time is seven months in 2005 (1, March, April, May, June, July and August). There is a problem of selectivity to contract objects and trading strategies. In view of the high risk in the fuel oil futures market, the above work is more important for small and medium-sized retail investors.
2. On April 20th, 2020, the futures price of light crude oil for May delivery in the New York Mercantile Exchange, 2 1, dropped by 305.97% to -37.63 USD; The futures price of light crude oil for June delivery also fell sharply 18.37% to close at $20.43 per barrel. Meanwhile, London Brent crude oil futures for June delivery fell 2.5 1 USD to close at 25.57 USD per barrel, with a decrease of 8.94%.
3. The minimum trading margin for fuel oil futures contracts is 8% of the contract value. With the approval of China Securities Regulatory Commission, the Exchange may adjust the trading margin. When the cumulative increase or decrease of the fuel oil futures contract reaches 12% for three consecutive trading days; Or the cumulative increase or decrease for four consecutive trading days reaches14%; Or when the cumulative increase or decrease reaches 16% for five consecutive trading days, some or all members will be suspended from opening new positions, but the adjusted increase or decrease limit will not exceed 20%.