Shanghai exchange is said to be launching the crude contract this year
The Shanghai Futures Exchange has proposed
the details of the crude oil contract it plans to launch before
the end of this year, marking China’s entry into
the global crude oil futures market.
The Shanghai International Energy
Exchange, part of the Shanghai Futures Exchange, said the
physically-delivered contract will refer to Medium Sour Crude
Oil and have a relatively small contract size of 100 barrels.
The tick size will be 0.1 RMB per barrel.
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