Saint-Petersburg International Mercantile Exchange

physically settled SPIMEX ULSD Futures (FOB, Primorsk);

cash-settled futures on the SPIMEX indices for exchange-traded domestic market petroleum products, and

physically settled futures on domestic market petroleum products.

Underlying commodities: crude oil; diesel; Gasoline Regular 92; Gasoline Premium 95 and the SPIMEX indices for exchange-traded petroleum products.

Physical delivery is a distinctive feature of SPIMEX commodity-based futures.

Risk Management System (RMS)

Performance of the obligations under futures contracts is guaranteed by the Clearing House.

Natural gas market

On 24 October 2014, SPIMEX launched trading in natural gas.

SPIMEX designated balancing points (located around compressor stations) are as follows: Nadym, Lokosovo and Parabel. Trading Participants include largest domestic natural gas producers and end-users (utilities, fertilizer and metallurgy companies).

In October 2015 SPIMEX launched a day-ahead contracts trades and in October 2016 - trades for delivery on national holidays and weekends.

In 2016, the volume traded at the SPIMEX Natural Gas Section amounted to 16.812 bcm (+119.8% y-o-y), in 2021 – 6.691 bcm (-58.3% y-o-y) and in 2022 – 5.700 bcm (-14.8% y-o-y).

Active development of the market continues. The first stage of commercial balancing of natural gas traded on the Exchange has been implemented. Buyers are now able to sell on the Exchange volumes of natural gas that were purchased earlier, but were not drawn by the end of the day.

Timber market

On 11 July 2014, SPIMEX launched trading in timber. Deliveries of conifer timber traded on SPIMEX originate in the Irkutsk Region of Russia. The Exchange brings together over 60 entities, including major logging companies, forest leaseholders and timber processing businesses. SPIMEX plans to add new trading instruments, to expand geographic reach and in the long run to launch a cross-border delivery mechanism.

In 2022, the volume traded at the SPIMEX Timber & Construction Materials Section amounted to 4,012 million cubic meters. The number of trades made stood at 2,617.

Market data

SPIMEX distributes market data to regulators, market participants, news agencies, information vendors, research and consulting firms.

In June 2013, SPIMEX entered into a cooperation agreement with the Federal Antimonopoly Service of Russia (FAS) on enhancing transparency in the domestic crude oil and refined products markets;

In June 2016, SPIMEX entered into a cooperation agreement with the Ministry of Economic Development of Russia on enhancing transparency in the domestic natural gas, crude oil and refined products markets;

Market data distributed by SPIMEX is based on actual transaction data (both exchange- traded and registered with SPIMEX by OTC market participants).