Shanghai International Energy Exchange has approved Sinochem-Xingzhong Oil Staging (Zhoushan) Co., Ltd., Zhejiang Offshore Petroleum Reserve Co.,Ltd, Dading Petroleum Logistics Co.,Ltd., Yangshan Shengang International Oil Logistics Co., Ltd. as Designated Delivery Storage Facilities for LSFO futures bonded delivery pursuant to the Delivery Rules of the Shanghai International Energy Exchange and other applicable rules.

1、The Exchange will closely track and review market developments, and timely adjust the storage capacity for LSFO futures. The area of delivery service will be extended according to the market demands. The premium/discount is 0 between different designated delivery storage facilities in different areas.

2、The designated delivery storage facilities shall accept the formation of LSFO Futures standard warrants since November 2, 2020.

3、As of the date of notice, the firms mentioned above may offer Designated Delivery Storage Facility services within the approved storage capacity, strictly abide by all relevant rules, strengthen operation management, and ensure the sound functioning of such services.

Attachment：Storage Capacities of Four Designated Delivery Storage Facilities 

Shanghai International Energy Exchange

June 11, 2020