December 1, 2019 / 6:17 AM / 2 months ago

China aims to launch low-sulphur fuel oil futures in Q1, 2020

BEIJING, Dec 1 (Reuters) -

* China aims to launch low-sulphur fuel oil futures in the first quarter of 2020, the chief supervisor of Shanghai Futures Exchange (ShFE) said on Sunday, as reported by Shanghai Securities News

* A low-sulphur fuel oil contract would be China’s second bonded oil futures contract after the launch in March 2018 of its crude oil contract on the Shanghai International Energy Exchange (INE), a ShFE subsidiary

* ShFE will also promote the launch of alumina futures and study the launches of natural gas and refined oil contracts, Lu Wenshan said in comments at a conference in Shenzhen

Reporting by Lusha Zhang and Se Young Lee; Editing by Tom Hogue

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