Shanghai Exchange announced new rules for LSFO Futures Contract
China's Shanghai International Energy Exchange (INE) published rules for low-sulfur fuel oil (LSFO) futures.
According to the Shanghai bourse, the new futures contract, to be launched on June 22, will be traded at 10 tonnes per lot.
The INE, a subsidiary of the Shanghai Futures Exchange, said that the regular price limits of LSFO futures are at 5 percent from the previous trading session's settlement price and the minimum trading margin is 8 percent of the contract value.
The launch of LSFO futures will help with the risk management of companies in the industry and will build a "low-carbon, safe and highly efficient energy system," the Shanghai Futures Exchange said.
Maritime Business World