- China’s Shanghai INE had signed an agreement with PetroChina to cooperate on the overseas delivery for its LSFO futures contract ILUF1.
- Both parties have reached a consensus on cross-border overseas delivery for the marine oil.
- This would be the first time a Chinese futures contract would be deliverable outside of China, which could boost the liquidity and increase the pricing influence.
The Shanghai International Energy Exchange (INE) has signed an agreement with PetroChina International for...
https://mfame.guru/ine-signs-delivery-deal-with-petrochina-for-oil-futures/