上海国际能源交易中心就20号胶、低硫燃料油、阴极铜期货期权合约公开征求意见

Core Viewpoint - Shanghai International Energy Exchange is drafting futures options contracts for 20 rubber, low-sulfur fuel oil, and cathode copper to enhance risk management tools for enterprises in the supply chain, addressing the increasing demand for refined risk management due to significant fluctuations in international commodity prices [1][2][3] Group 1: 20 Rubber Futures Options Contract - The 20 rubber futures options contract is based on the 20 rubber futures contract, with a trading unit of 1 lot of 20 rubber futures [1] - The minimum price fluctuation is set at 1 yuan/ton, and the exercise price covers a range of 1.5 times the daily price limit of the underlying futures contract [1] - The exercise price intervals vary: ≤10,000 yuan/ton (100 yuan), 10,000-20,000 yuan/ton (200 yuan), and >20,000 yuan/ton (500 yuan) [1] Group 2: Low-Sulfur Fuel Oil Futures Options Contract - The low-sulfur fuel oil futures options contract is based on the low-sulfur fuel oil futures contract, with a trading unit of 1 lot of low-sulfur fuel oil futures [2] - The minimum price fluctuation is set at 0.5 yuan/ton, and the exercise price covers a range of 1.5 times the daily price limit of the underlying futures contract [2] - The exercise price intervals vary: ≤2,000 yuan/ton (20 yuan), 2,000-5,000 yuan/ton (50 yuan), and >5,000 yuan/ton (100 yuan) [2] Group 3: Cathode Copper Futures Options Contract - The cathode copper futures options contract is based on the cathode copper futures contract, with a trading unit of 1 lot of cathode copper futures [3] - The minimum price fluctuation is set at 2 yuan/ton, and the exercise price covers a range of 1.5 times the daily price limit of the underlying futures contract [3] - The exercise price intervals vary: ≤50,000 yuan/ton (500 yuan), 50,000-100,000 yuan/ton (1,000 yuan), and >100,000 yuan/ton (2,000 yuan) [3]