Contract text
Product
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Medium Sour Crude Oil
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Contract Size
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1000 barrels per lot
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Price Quotation
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(RMB) Yuan per barrel
(no tax or duty included in the quotation)
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Minimum Price Fluctuation
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0.1 Yuan / barrel
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Daily Price Limits
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±4% from the settlement price of the previous trading day
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Listed Contracts
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Monthly contracts of recent twelve (12) consecutive months followed by eight (8) quarterly contracts.
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Trading Hours
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9:00-11:30 a.m., 1:30-3:00 p.m. (the Beijing Time), and other trading hours as prescribed by the Exchange
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Last Trading Day
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The last trading day of the month prior to the delivery month; The Shanghai International Energy Exchange is entitled to adjust the last trading day in accordance with the national holidays.
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Delivery Period
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Five (5) consecutive trading days after the last trading day.
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Grades and Quality Specifications
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Medium sour crude oil with the quality specifications of API 32.0 degrees and sulfur content 1.5% by weight
The deliverable grades and the price differentials willbe stipulated separately by the Shanghai International Energy Exchange.
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Delivery Venues
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Delivery Storage Facilities designated by the Shanghai International Energy Exchange
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Minimum Trading Margin
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5% of contract value
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Settlement Type
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Physical delivery
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Product Symbol
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SC
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Listing Exchange
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Shanghai International Energy Exchange
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