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Notice on the Adjustment of Storage Fee of Futures Crude Oil

Fang submitted 2020-04-20 15:48:30

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) and other applicable rules, as well as the status quo of domestic and overseas markets, Shanghai International Energy Exchange (hereinafter referred to as “INE”) hereby decides to adjust the storage fee of futures crude oil to RMB 0.4 yuan/barrel per day from June 15, 2020. The storage fee shall be collected by Designated Delivery Storage Facility from 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
April 16, 2020

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