16 Mar 2012 14:45
SHFE fuel oil futures rise on despite falling crude oil
Shanghai. March 16. INTERFAX-CHINA - Shanghai Futures Exchange (SHFE) fuel oil prices rose in thin trade March 2 despite international crude oil prices falling overnight. The most traded 2012 March contract closed the session down 0.05 percent at RMB 5,472 ($865.82) per ton.
The April crude oil delivery contract on the New York Mercantile Exchange (NYMEX) fell 32 cents, closing at $105.11 on March 15.
Shanghai fuel oil futures prices were mixed from March 12 to Marc 16 in thin trade.
Fuel oil futures trade on the Shanghai Futures Exchange March 12 and March 16, 2012
| Contract | Close on March 12 (RMB) | Close on March 16 (RMB) | Change (RMB) | Change (%) |
| Fu1204 | 5,355 | 5,355 | 0 | 0 |
| Fu1205 | 5,465 | 5,472 | 7 | 0.13 |
| Fu1206 | 5,554 | 5,462 | -92 | -1.66 |
| Fu1207 | 5,455 | 5,472 | 17 | 0.31 |
| Fu1208 | 5,485 | 5,410 | -75 | -1.37 |
| Fu1209 | 5,462 | 5,467 | 5 | 0.09 |
| Fu1210 | 5,341 | 5,346 | 5 | 0.09 |
| Fu1211 | 5,434 | 5,445 | 11 | 0.20 |
| Fu1212 | 5,353 | 5,363 | 10 | 0.19 |
| Fu1301 | 5,323 | 5,423 | 100 | 1.88 |
| Fu1303 | 5,323 | 5,423 | 100 | 1.88 |
Source: SHFE
Note: The U.S. dollar traded at 6.32 against the Renminbi on March 16, 2011