July 16, 2018 / 11:54 AM / 5 months ago

China's Shanghai exchange launches new fuel oil contract

BEIJING, July 16 (Reuters) -

* The Shanghai Futures Exchange (ShFE) launched 380-centistoke bonded fuel oil contract on Monday, the exchange said in a press release

* Trading volume of the futures by market close reached 59,658 lots, at 1.8 billion yuan ($269.80 million), according to the exchange

* Sinopec and China National Petroleum Corp (CNPC) among other oil and chemical majors have participated in the trading, the release said

* The 380-centistoke bonded fuel oil contract was China’s second bonded energy futures after the March launch of crude oil futures on the Shanghai International Energy Exchange (INE), a ShFE subsidiary. ($1 = 6.6715 Chinese yuan renminbi) (Reporting by Hallie Gu and Tom Daly, editing by Louise Heavens)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below