China will launch low sulphur fuel oil futures during the first quarter of 2020, in line with the changes following that year, from IMO’s 2020 sulphur cap to the goals set in the Paris Agreement, playing a crucial role in making the shipping industry more sustainable and greener.
According to the Shanghai Securities News, the Chief Supervisor of Shanghai Futures Exchange (ShFE) reported China’s plans, adding that the launch of a LSFO deal will 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).
Moreover, not only will ShFE boost the launch of alumina features, it will also study the launches of natural gas and refined oil contracts.
