Yuan (RMB)/barrel (the transaction price is the price excluding tax)
minimum price change
0.1 yuan/barrel
Limit range
Not more than ± 7% of the settlement price of the previous trading day
Contract Month
The last 1-12 months are consecutive months and the following eight quarterly months
Transaction time
9:00~10:15, 10:30~11:30 and 13:30~15:00 from Monday to Friday.The continuous trading time is from 21:00 to 2:30 of the next day from Monday to Friday.No transaction shall be conducted during the continuous trading period of the first working day (excluding Saturday and Sunday) before the legal holiday.
Last Notice Day
The last trading day of the month before the delivery month;Shanghai International Energy Exchange Center has the right to adjust the last trading day according to national legal holidays
Last delivery date
Five consecutive trading days after the last trading day
Delivery grade
The standard quality of medium sour crude oil is API degree 32.0, and the sulfur content is 1.5%. The specific deliverable oil type and premium/discount water will be separately specified by Shanghai International Energy Exchange Center.