Asphalt** simulation trading started on August 1

On the 29th, the notice issued in the previous period, the simulation of petroleum bitumen ** will begin on August 1st (Thursday).

According to the arrangement, the simulation time of the asphalt ** is 9:00 to 11:30 am and 1:30 to 3:00 pm. The contract reference price of the simulation transaction will be opened on Thursday (August 1). Previously announced, the margin ratio of the simulation transaction was tentatively set at 6% of the contract value, and the range of ups and downs was tentatively set at 4%. At the beginning of the simulation transaction, the range of the ups and downs is two times the tentative limit (ie, no more than ±8% of the benchmark price of the hanging plate). The simulation transaction fee is tentatively set at 0.3% of the transaction value.

It is worth noting that, unlike the previous RMB 1/ton at the time of soliciting opinions, the minimum variability price will be adjusted to 2 yuan/ton for the asphalt ** standard contract used in the simulation transaction. In addition, other parameters have not changed. The simulated delivery of bitumen ** contracts is still grade 70 A-grade road asphalt, trading units are 10 tons/hand, the minimum trading margin is 4% of the contract value, the daily limit is 3%, the contract delivery month It is a contract within 24 months, of which the most recent one to six months are continuous monthly contracts and six months later is the quarterly monthly contract.

Some analysts believe that with the smooth development of the simulation transaction, the petroleum asphalt ** is expected to be on the market soon.