24JUL2019 - NEWS - INE contract targets IMO bunker market

China aims to list a new 0.5pc sulphur marine fuels futures contract by the end of this year.

The Shanghai Futures Exchange (SHFE) hopes the contract will give producers and trading firms a means to hedge their exposure to the new physical market emerging for 0.5pc sulphur bunker fuel. The SHFE's INE subsidiary expects to complete listing preparation work for the contract by the end of this year in order to get approval from national securities regulator the CSRC and to launch in early 2020.