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Updated on 2026-01-16

Circular on the Implementation of the Revised Containerized Freight Index (Europe Service) Futures Contract

All related parties,

In accordance with the Circular on Releasing the Revised Containerized Freight Index (Europe Service) Futures Contract of the Shanghai International Energy Exchange ([2026] No. 4), the Shanghai International Energy Exchange (hereinafter referred to as INE) hereby notifies the following matters regarding the implementation of the revised Containerized Freight Index (Europe Service) Futures Contract:

1. Implementation of the Revision to the Listed Contracts

As of Tuesday, February 10th, 2026, the revision to the Listed Contracts will be implemented, with EC2605, EC2607 and EC2609 being newly listed. Considering the switch of the most active contract, EC2603 will not be listed. EC2703 will be listed on Tuesday, March 31st, 2026. In the following months, new contracts will be listed pursuant to the provisions of the Contract Specification.

2. Implementation of the Revision to the Minimum Price Fluctuation

As of Monday, May 11th, 2026, the revision to the minimum price fluctuation will be implemented with the following arrangements:

(1) Settlement on May 8th, 2026 will still be executed according to the rules before the revision; the settlement prices on May 8th will serve as the previous settlement prices for the settlement on May 11th, 2026.

(2) On May 11th, 2026, the real-time market data will be released after the market data as well as the displayed previous settlement and closing prices are adjusted according to the revised Minimum Price Fluctuation provision. The adjustments will be as follows: if the last digit of the contract prices is 0 or 5, it will not be adjusted; if the last digit is 1 or 2, it will be adjusted to 0; if the last digit is 3, 4, 6, or 7, it will be adjusted to 5; if the last digit is 8 or 9, it will be adjusted to 0, and the integer part will be incremented by one. The adjusted previous settlement prices will be applied to the daily price limit and margin calculation. The previous settlement and closing prices in the Daily Express, Delayed Quotes initialization and intraday market data on INEs official website and Member Service System will apply the adjusted prices.

INE reserves the right to interpret this Circular.

It is hereby notified as the above.

 

Shanghai International Energy Exchange

January 16, 2026

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