Announcement on the Amendments to the White Sugar Option Contract Specifications and the Options Trading Rules of Zhengzhou Commodity Exchange
To better help the commercial participants from white sugar industry precisely manage short-term risks, Zhengzhou Commodity Exchange plans to launch serial options on white sugar futures. The amendments to the White Sugar Option Contract Specifications and the Options Trading Rules of Zhengzhou Commodity Exchange have been adopted at the 20th meeting of the 8th Board of Governors of Zhengzhou Commodity Exchange and filed with the China Securities Regulatory Commission, and will take effect from the night trading session (on February 28,2025) of the listing day (March 3,2025) of the serial option on SR2507.
White Sugar Option Contract Specs
(Adopted at the 20th meeting of the 8th Board of Governors on October 30, 2024; effective as of March 3, 2025.)
In accordance with the Contract of Crude Oil Futures of Shanghai International Energy Exchange(hereinafter referred to as INE) and the Delivery Rules of Shanghai International Energy Exchange, INE hereby decides to add Murban crude oil as deliverable crude. The loading port is set to be either Fujairah Terminal or Jebel Dhanna Terminal. The grade and price differential of the newly-added deliverable crude oil are stipulated as follows: Grade and Price Differential of the Newly-added Deliverable. Crude Oil for INE Crude Oil Futures: Country Deliverable Crude API Gravity Sulful (%) Premium or Discount (Yuan/Barrel) United Arab Emirates Murban ≥35 ≤1.5 5 Notes: 1. API gravity = (141.5 / S.G.60/ 60 °F) – 131.5; S.G.: as per ASTM D1298. 2. Sulfur content: as per ASTM D4294. From June 1st, 2021, the Murban crude oil will be allowed to be loaded-in and be used for standard warrant issuance and futures delivery. INE will closely track and review market development in ea...
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