On 28th October 2021, Shanghai International Energy Exchange (INE) announced that it released the mean of settlement price for the low sulfur fuel oil futures starting from October 29th, 2021. The details are as follows.
1. Eligible Contracts
The eligible contracts of the mean of settlement price for the low sulfur fuel oil futures will be the second, third and fourth nearby low sulfur fuel oil futures contracts.
2. Calculation Period
The calculation period of the mean of settlement price is from the first trading day of the current calendar month to the last trading day of the current calendar month.
3. Formula
Mean of settlement price =Daily settlement price/Trading days of the current calendar month.
4. Releasing Method
The mean of settlement price will be released on the “Monthly Statistics” column on the official website and the Member Service System of INE.
Click on the above link for further information
