- The Shanghai INE is considering taking Singapore as a delivery point for its low sulfur marine fuel futures contract.
- The move would be the first time a Chinese futures contract would be deliverable outside of China and could boost liquidity for the contract.
The Shanghai International Energy Exchange (INE) is considering using oil storage sites in Singapore owned by PetroChina Co as a delivery point for its low-sulphur fuel oil futures contract, reports Reuters.
Delivery point for LSFOThe move...
https://mfame.guru/chinas-ine-mulls-singapore-port-for-marine-fuel-futures-delivery/