SPIMEX Grants Access to Trading in its Urals Crude Futures to Marubeni Petroleum Co., Ltd


01.03.2019

Marubeni Petroleum Co., Ltd has been registered as a Non-Resident Member of the SPIMEX Derivatives Section. The company plans to trade in physically settled SPIMEX Urals Crude Futures (FOB Primorsk) and is interested in the launch of new exchange-traded contracts for Russian exported crude oil and refined products.

Marubeni Petroleum Co., Ltd., a wholly-owned subsidiary of Marubeni Corporation, mainly handles crude oil, petroleum products, LPG and LNG with function marketing, transporting, and storage.

Marubeni Corporation is a Tokyo-based integrated trading and investment business conglomerate. Marubeni Corporation and its consolidated subsidiaries do business activities in broad range of sectors including food, consumer products, chemical & forest products, energy & metals, power & plants projects, and transportation & industrial machinery. Additionally, Marubeni Group offers a variety of services, makes internal and external investments, and is involved in resource development throughout all of the above sectors.

Trading in the SPIMEX Urals Crude Futures was launched in November 2016. In 2018, the relevant volume of trades was equal to 1,648 contracts in the amount of RUB 6.84 bn.

 

Saint Petersburg International Mercantile Exchange (SPIMEX) is the largest Russian commodity exchange which offers a wide range of products traded both in its Commodities Sections (refined products, crude oil, natural gas, LPG, timber and construction materials) and in its Derivatives Section. The Exchange’s key task is operating a transparent price formation mechanism to ensure fair prices for the commodities produced in Russia. SPIMEX was incorporated in 2008. The exchange license and the license for clearing activity are available at the SPIMEX web-site.


DB query error.
Please try later.