The Shanghai International Energy Exchange is to undertake a ‘mock test’ of Low Sulphur Fuel Oil futures trading between 1-12 June.
Open to international participants, the RMB-denominated contract will be traded in 10 metric tonne lots. Contracts will be listed 12 months ahead, starting from January 2021.
Earlier this week, the Exchange noted that it had drafted the low sulphur fuel oil contract and had ‘amended related implementing rules, as well as the provision on the deposit for crude oil load-in application’.
The Exchange invited the submission of public comment on the rules before 29 May. 20