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Notice on the Adjustment of Storage Fee of Futures Crude Oil And Futures Low Sulfur Fuel Oil

Fang submitted 2020-11-09 10:17:53

All related parties,
In accordance with the Delivery Rules of the Shanghai International Energy Exchange, Notice Regarding the Delivery of Crude Oil Futures (Circular[2018]11) ,Notice Regarding the Delivery of the Low Sulfur Fuel Oil Futures(Circular[2020]116) and other applicable rules, as well as the current domestic and overseas market conditions, Shanghai International Energy Exchange (hereinafter referred to as “INE”) hereby decides to adjust the storage fee of futures crude oil and futures low sulfur fuel oil respectively to RMB 0.3 yuan/barrel per day and RMB 2 yuan/ton per day from March 1, 2021. The storage fee shall be collected by a Designated Delivery Storage Facility from a commodity owner or its authorized representative. INE reserves the right to adjust the rate of storage fees through announcements in view of market development.
INE hereby notifies as the above.

Shanghai International Energy Exchange
November 6, 2020

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