Products for Delivery

Crude oil futures

The underlying of crude oil futures is medium sour crude oil, of which the gravity is 32.0 degrees API and sulfur content is 1.5% by weight. Pursuant to the Contract Specifications of Crude Oil Futures and the Delivery Rules of the Shanghai International Energy Exchange, INE has set the deliverable crude streams, deliverable grades, and final settlement price differentials for INE crude oil futures as follows:

The deliverable crude streams, deliverable grades and final settlement price differentials for INE crude oil futures

Nation

Deliverable Crudes

Minimum API Gravity

Maximum Sulfur (%)

Price Differential

(Yuan / Barrel)

United Arab Emirates

Dubai

30

2.8

0

United Arab Emirates

Upper Zakum

33

2.0

0

United Arab Emirates

Murban

35

1.5

5

Sultanate of Oman

Oman

30

1.6

0

State of Qatar

Qatar Marine

31

2.2

0

Republic of Iraq

Basra Light

28

3.5

-5

Republic of Iraq

Basra Light

26

4.0

-10

The Federative Republic of Brazil

Tupi

28

0.8

10

People’s Republic of China

Shengli

24

1.0

-5

 

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.
The Exchange will closely track and review market developments in each deliverable crude stream, and make timely adjustments to the deliverable crude streams, grades, and/or price differentials accordingly.

 

 

 

 

Products for Delivery

Crude oil futures

The underlying of crude oil futures is medium sour crude oil, of which the gravity is 32.0 degrees API and sulfur content is 1.5% by weight. Pursuant to the Contract Specifications of Crude Oil Futures and the Delivery Rules of the Shanghai International Energy Exchange, INE has set the deliverable crude streams, deliverable grades, and final settlement price differentials for INE crude oil futures as follows:

The deliverable crude streams, deliverable grades and final settlement price differentials for INE crude oil futures

Nation

Deliverable Crudes

Minimum API Gravity

Maximum Sulfur (%)

Price Differential

(Yuan / Barrel)

United Arab Emirates

Dubai

30

2.8

0

United Arab Emirates

Upper Zakum

33

2.0

0

United Arab Emirates

Murban

35

1.5

5

Sultanate of Oman

Oman

30

1.6

0

State of Qatar

Qatar Marine

31

2.2

0

Republic of Iraq

Basra Light

28

3.5

-5

Republic of Iraq

Basra Light

26

4.0

-10

The Federative Republic of Brazil

Tupi

28

0.8

10

People’s Republic of China

Shengli

24

1.0

-5

 

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.
The Exchange will closely track and review market developments in each deliverable crude stream, and make timely adjustments to the deliverable crude streams, grades, and/or price differentials accordingly.

 

 

 

 
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