Spimex confrms futures plans

摘要

The St Petersburg International Mercantile Exchange (Spimex) has confrmed plans to start trading Urals crude futures contracts in late November. But the specifc date of the frst auction has yet to be determined, exchange president Alexei Rybnikov told an industry event last week. “The decision on a specifc auction launch date should be considered separately, also taking into account the situation on the international market,” he said. Spimex plans to hold a presentation of the Urals futures contract in London on 7 November. The ex- change will use Argus fob Primorsk assessments to settle the contracts.