June 22, 2020 / 1:44 AM / 23 days ago

China's new low-sulphur fuel oil contract jumps in debut trade

SHANGHAI/BEIJING, June 22 (Reuters) - China’s new low-sulphur fuel oil (LSFO) futures contract jumped sharply in its debut, rising more than 13% at its opening on the Shanghai International Energy Exchange on Monday.

The January contract was last trading around 11.5% higher at 2,640 yuan ($373.37) per tonne, versus a listing price of 2,368 yuan per tonne.

$1 = 7.0707 yuan Reporting by Muyu Xu in Beijing and Emily Chow in Shanghai; Editing by Tom Hogue

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