First Physical Delivery ex-Primorsk of SPIMEX ULSD Futures contract


10.12.2019

The first 30k cargo of ultra-low sulphur diesel (emissions class Euro 5) was exported from the port Primorsk on the Baltic Sea for delivery to NW European buyer in settlement of physically deliverable SPIMEX ULSD December Futures contract. Saint-Petersburg International Mercantile Exchange (SPIMEX) launched ULSD Futures contract on 11 November 2019.

SPIMEX ULSD Futures is another way for Russian producers to price refined products and serves as a new access channel to exported Russian diesel for overseas buyers. The contract will help bring together European Diesel buyers and traders to access Russian physical product cargoes and will improve transparency of export prices.

For more information on the contract and SPIMEX products please visit www.spimex.com.

 Learn more

 The Saint-Petersburg International Mercantile Exchange (SPIMEX) is Russia’s largest commodity exchange offering a wide range of products traded both in its Commodities Section (refined oil products, crude oil, natural gas, LPG, timber and construction materials, fertilizers) and in its Derivatives Section. The Exchange’s key task is to operate a transparent, fair and efficient price formation mechanism for Russian commodities. SPIMEX was founded in 2008.

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