上期所与浙江大宗联合发布高硫买方报价 提升期现联动能效

Core Insights - The development of fuel oil futures and low-sulfur fuel oil futures markets has been steady, with effective risk management and price reference tools provided for the shipping fuel industry [1][3] - The launch of the high-sulfur 380CST fuel oil "China Zhoushan Fuel Oil Bonded Ship Supply Buyer Quotation" enhances the integrated pricing system based on futures [1][3] Market Developments - Since 2021, the Shanghai Futures Exchange and Shanghai International Energy Exchange have introduced various quotations based on high and low sulfur fuel oil futures settlement prices, providing significant reference prices for domestic and international shipping fuel markets [2][3] - The introduction of the "Price Of Zhejiang ZME" system allows enterprises to sign spot transaction intentions based on futures-based low-sulfur fuel oil quotations [2] Pricing Mechanism - The newly released high-sulfur buyer quotation is based on the Shanghai Futures Exchange fuel oil futures prices, processed daily by Zhejiang Dazhong, providing a unified premium/discount price [3] - The launch of the high-sulfur buyer quotation and the POZZ system will enhance the efficiency of using RMB premium/discount quotations in the shipping fuel industry [3] Future Outlook - The Shanghai Futures Exchange and Zhejiang Dazhong will continue to collaborate to support the construction of the Zhejiang Free Trade Pilot Zone and the Yangtze River Delta integrated oil and gas trading market [3] - The focus will be on promoting high-quality and sustainable development of the shipping fuel industry, contributing to the high-quality development of the Yangtze River Delta integration [3]