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INE: Announcement on Approving of More Delivery Points for Low Sulfur Fuel Oil

Announcement on Approving PetroChina International Co., Ltd. as Group Delivery Center, PetroChina International (Zhejiang)Co., Ltd. as Group Delivery Factory, and PetroChina International (Singapore) Pte.Ltd. and PetroChina International (Middle East) Co.,Ltd. as Overseas Commodity Storage Facilities for Low Sulfur Fuel Oil (LSFO) Futures

In accordance with applicable provisions of the Delivery Rules of the Shanghai International Energy Exchange and the Group Delivery Rules of the Shanghai International Energy Exchange and relevant business rules, Shanghai International Energy Exchange (“the Exchange”) has approved PetroChina International Co., Ltd. as Group Delivery Center, PetroChina International (Zhejiang) Co., Ltd. as Group Delivery Factory, and PetroChina International (Singapore) Pte.Ltd. and PetroChina International (Middle East) Co.,Ltd. as Overseas Commodity Storage Facilities for Low Sulfur Fuel Oil (LSFO) .


1、The approved storage capacity of the Group Delivery Factory is 100,000 tons, and the active storage capacity is 40,000 tons. The Exchange will closely track and review market developments, and timely adjust the storage capacity for LSFO futures. The Group Delivery Center shall release the benchmark premiums and discounts for overseas take-delivery on the Exchange’s website in accordance with applicable rules.

 

2、As of the date of this Announcement, the Group Delivery Center and Group Delivery Factory and Commodity Storage Facilities as mentioned above shall conduct group delivery services in accordance with all relevant rules. The LSFO commodity shall be loaded out in a month after its relevant factory standard warrants are written off in the Standard Warrant Management System of the Exchange.

 

Attachment: Business Contact Form of the Group Delivery Facilities of the LSFO Futures




For China derivatives market access and more market information please contact sherry_ustc@163.com

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