Item | Content |
---|---|
Type | Medium Sulfur Crude Oil |
Code | SC |
Unit | 1000 barrels / lot |
Quotation | Yuan (RMB) / Barrel |
Mini Price Fluctuation | 0.1 Yuan (RMB) / Barrel |
Daily Price Limit | ≦ previous daily settlement ±5% |
Listed Contract | Within 36 months First 12 consecutive months Quarterly months afterward |
Trading Hours | 9:00 am - 11:30 am,1:30 pm - 3:00 pm 21:00 pm - 02:00 am (or others specified by INE) |
Last trading Day | Last trading day of contract month before the settlement month (INE has the right to adjust according to national holidays) |
Delivery Period | 5 consecutive days after the last trading day |
Quality Specifications | Medium Sulfur Crude Oil;Standard API 32,Sulfur 1.5% (or others specified by INE) |
Delivery Venues | Settlement warehouses designated by INE |
Minimum Margin | Contract Value 7% (or adjusted by INE/clearing members) |
Settlement Type | Physical |
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