Deliverable futures contracts for petroleum products with base pricing point


“Black Cooperative” not only launched a subscription to beans and offered a deposit for payment at the coffee shop, but created a joint project with “Mediazona”. Clients received an author's postcard signed by the publication's journalists and a couple of information letters about the political history of Ethiopia and Colombia.

Having closed offline locations, the Twelve jewelry store offered a 20% discount on gift certificates in March. They can be used for six months. As the store owners said, in one week, customers purchased certificates worth about 65,000 .

Section 1. Terms and definitions

This User Agreement (hereinafter referred to as the Agreement) uses the following terms and definitions:

SocietyJoint Stock Company "St. Petersburg International Commodity Exchange", which is a trade organizer and clearing organization.
WebsiteThe official website of the Company on the Internet, which can be accessed at the address , including all pages of the said website containing the designations s-pimex.ru, spimex.ru or spimex.com in their domain name.
Exchange informationInformation about the progress and results of organized trading held in commodity sections and the Derivatives Market Section of the Company, the obligation to disclose which is provided for by laws, regulations of the Bank of Russia, other regulatory legal acts of the Russian Federation, or which the Company discloses at its discretion by posting on the Site.
IndexesPrice indicators calculated by the Company on the basis of information on the progress and results of organized trading held in the commodity sections and the Derivatives Market Section of the Company, information on over-the-counter contracts registered with the Company, as well as other information provided to the Company by third parties.
Derived informationIndices, as well as other indicators calculated by the Company on the basis of Exchange information, data obtained from the results of clearing obligations from contracts concluded at organized trading held in commodity sections and the Derivatives Market Section of the Company, Indices and information provided to the Company by third parties.
MaterialsTexts, audio materials, any images, including any photo, graphic and/or video image, photographs posted on the Site, the copyright holder of which is the Company.
InformationMaterials, Exchange information, Indices and other Derivative information posted on the Site or provided on the basis of an agreement.
Information ServicesServices provided by the Company to provide information to interested parties on a reimbursable basis.
UserThe person using the Site.
SpreadingActions aimed at obtaining information by an unspecified circle of persons or transmitting information to an unspecified circle of persons.

Coffee Trends

Coffee production and its cycles are very different from traditional grain crops. For example, it is common to see a large coffee harvest one year followed by a smaller harvest the next. However, coffee production has grown steadily over the years, with occasional setbacks occurring from time to time. The highest level of coffee production was recorded during 2012/2013 at 145.1 million bags.

Trends in coffee production (1963-64 – 2012-13). (Source ICO.org)

Coffee is mainly produced in Africa, Asia and Central America.

Although coffee production began in Africa, according to data published by the International Coffee Organization, the continent has seen a steady decline in coffee production over the past 50 years. Africa's share of coffee production has since fallen from 25% to around 14%, according to reports. As of 2012/2013, African coffee production stood at 16.7 million bags.

With the exception of Ethiopia, coffee production in other African countries such as Kenya and Cameroon has been steadily declining.

In Asia, coffee production is growing steadily, with Vietnam steadily increasing its market share. It is followed by India and Indonesia.

In Central America, Costa Rica, Brazil and Mexico are among the largest coffee producers.

Section 2. General provisions

2.1. The Agreement defines the terms of use of the Information, the rights and obligations of the User arising when gaining access to the Information and Information services through the Site.

The composition of the Information available on the Website is determined by the Company at its sole discretion, taking into account the requirements of laws, regulations of the Bank of Russia and other regulations of the Russian Federation.

The procedure and conditions for obtaining free access to Information through the Site are determined by the Agreement. The procedure and conditions for access to Information services and use of Information are determined by the Agreement, as well as agreements concluded between the Company and Users.

2.2. The agreement is a public offer in accordance with Art. 437 of the Civil Code of the Russian Federation (hereinafter referred to as the Civil Code of the Russian Federation). The Agreement is published on the Site and comes into force from the moment of publication.

The user who has started using the Site is considered to have confirmed his agreement with the terms of the Agreement in the manner prescribed by clause 3 of Art. 434 Civil Code of the Russian Federation.

2.3 In accordance with the legislation of the Russian Federation and concluded agreements, the Company is the copyright holder of the Information, including, but not limited to, Exchange information, Indices and other Derivative information posted on the Site.

Section 3. Procedure and conditions for access to Information.

3.1 In accordance with clause 1, part 3, art. 6 of the Federal Law of July 27, 2006 No. 149-FZ “On Information, Information Technologies and Information Protection” The Company determines the procedure and conditions for the User’s access to the Information posted on the Site.

3.2 The Company provides free of charge access to Exchange information, Indices and other Derivative information to be posted on the Site in accordance with the requirements of laws, regulations of the Bank of Russia, and other regulations of the Russian Federation. Exchange information, Indices and other Derivative information may be used under the conditions established by section 4 of this Agreement.

3.3 All Indices are calculated by the Company using methods published on the Site. The values ​​of additional parameters used in calculating the Indices (coefficients, tariffs) are disclosed on the Site in the public domain.

3.4 Exchange information, as well as any Materials posted on the Site, are not advertising and cannot be regarded as recommendations or offers aimed at encouraging the User to enter into contracts with any exchange commodities (instruments) admitted to organized trading held in commodity sections and the derivatives market section of the Company.

3.5 Information posted on the Site may contain links to third party sites. When following hyperlinks posted on the Site to information resources external to the Site, the User leaves the Site. The Company is not responsible for the unreliability of information posted on information resources external to the Site, as well as for untimely updating and update of the relevant information in their composition.

3.6 The Company does not act as a representative of third parties specified in clause 3.5 of this section of the Agreement. The placement of these links is for informational purposes only and should not be construed as advice, advertising of products, recommendations, or offers sold by any third parties.

3.7 The provision of Information services to the User is carried out on the basis of an agreement for the provision of Information services concluded between the User and the Company. The procedure and conditions for providing access to Information provided in accordance with the agreement for the provision of Information services are determined by the specified agreement.

New niches

Before the crisis, “Northern Manufactory” from Arkhangelsk produced and sold handmade souvenirs from eco-friendly materials. But during the pandemic, she started producing masks. “We promptly purchased materials: chintz, gauze, and elastic bands. We sewed samples, created an offer for enterprises and made a mass mailing to the companies’ database,” explained the director of the manufactory, Nadezhda Luchinina. She emphasized that this was not additional income, but “the only way to survive.”

On Wildberries, sales of designer fabric masks (analogous to medical ones) increased 12 times (from March 16 to 22 compared to the same period last year), and at the clothing brand Bat Norton in March, sales of this accessory increased 10 times.

Cosmetics brand MIXIT suspended the release of its traditional product line during the quarantine period, focusing on the fight against coronavirus. In two days, the company rewrote the formula of a previously produced antiseptic, increasing the alcohol content.

MIXIT masks and antiseptics. Source: site mixit.ru

After the closure of educational institutions, KidsWay car nannies, who previously accompanied children to school, became couriers. “I wrote a post on social networks: “If anyone needs impeccable couriers, please contact me.” In a couple of days, we received about a hundred requests from large hypermarkets, restaurants, and cafes,” recalls company co-founder Anna Filippova.

The company 3D Plus, which operates real estate, has refocused on the service of disinfecting premises. This helped “get through the crisis without losses, maintain wages and jobs, and also help in the fight against coronavirus.”

Section 4. Terms of Use of Information

4.1 The User has the right to use the Information posted on the Site under the conditions and subject to the restrictions provided for in this Agreement.

4.2 Information may be used by the User subject to the following conditions and restrictions:

4.2.1 Any actions with the Information are permitted, with the exception of Distribution, performed by the User for personal/official purposes not related to making a profit.

4.2.2 Distribution of Exchange information by the User is permitted only subject to the conclusion of an agreement provided for in clause 3.7 of this Agreement.

4.2.3 Distribution by the User of Derivative information, including Indexes, is permitted subject to prior written permission from the Company and a link to the source of such information, in particular to the Site.

4.2.4 Distribution of Materials by the User is permitted provided that a link to the source of such information is indicated, in particular to the Site.

4.2.5 When Distributing Information, processing of its original text is not allowed. Reducing or changing the arrangement of the components of the Information, providing illustrations, comments or any explanations, is permitted only to the extent that this does not lead to distortion of the Information.

4.2.6 The User has no right to take any actions aimed at technologically extracting or copying information from the Site, bypassing the access means directly provided to the User on the Site.

4.2.7 It is prohibited for the User to use the Information for the purpose of making a profit, except for the case when the Information is received on the basis of an agreement provided for in clause 3.7 of this Agreement.

4.3 The terms of use of the Information provided in accordance with the agreement for the provision of Information services are determined by such agreement.

The best futures on the Moscow MICEX Exchange

Indices are the main indicators of the domestic securities market and the main means of making a profit. Trading futures on them occupies a leading place among financial transactions. Actively bought and sold:

  • RTS index contracts;
  • futures on the MICEX index.

These instruments are used for arbitrage, hedging and speculation. They differ in the type of calculation. Contracts are stipulated and settlement. 95% of traders choose the second option. Settlement futures provide manipulation of real money rather than commodity positions. With their help, decent profits are obtained from banal speculative operations.

Section 5. Intellectual Property Rights

5.1 All Information is the object of intellectual property of the Company. Exclusive rights to the Information provided by the Company in connection with the provision of Information services are retained by the Company.

5.2 Materials, their selection and relative arrangement are subject to protection in accordance with the provisions of laws, regulations of the Bank of Russia and other regulations of the Russian Federation. Use of the Materials is permitted only subject to compliance with the conditions provided for in Section 4 of this Agreement.

5.3 Exclusive rights to use trademarks, commercial designations and other objects of intellectual property posted on the Site belong to the Company or its partners.

5.4 The Company, as the copyright holder of intellectual property, has the right, at its discretion, to permit or prohibit third parties from using intellectual property. However, the absence of a prohibition is not considered consent or permission to use.

5.5 The terms of the Agreement cannot and should not be considered as grounds for transferring or granting the Site User any exclusive (license) rights to use the Materials.

Section 7. Liability

7.1 Any unlawful use of the Information posted on the Site is a violation of the rights of the Company as the copyright holder and/or third parties and may entail liability under the legislation of the Russian Federation.

7.2 The Company does not guarantee the continuity of operation and round-the-clock availability of the Site, services and services provided by providing access to the Site.

7.3 The Company is not responsible for:

7.3.1 losses caused by failures and other disruptions in the functioning of the Site, including those related to disruptions in the operation of equipment, communication systems or networks that are operated and/or maintained by third parties;

7.3.2 losses incurred by the User as a result of the presence of malware in the equipment and software used by the User to access the Site;

7.3.3 violation by the User of the terms of this Agreement;

7.3.4 unlawful actions of third parties, including those related to the use of the User’s data, as well as the use of information about the User, if such information has become available to third parties through no fault of the Company;

7.3.5 indirect, incidental, unintentional losses of the User (including harm caused by loss of data or damage caused to honor, dignity or business reputation) arising in connection with the use of the Site, including when following an external link posted on the Site that provides the transition to a third party website;

7.3.6 indirect, incidental, unintentional losses of the User (including harm caused by loss of data or damage caused to honor, dignity or business reputation), which are caused by the unreliability of the information specified or posted by the User during the registration process on the Site;

7.3.7 non-compliance with the requirements of the legislation of the Russian Federation of information and materials posted on the Site by the User, violation of proprietary, non-property and other rights of third parties related to the use of the Site by the User.

7.4 The responsibility of the Parties to the agreement for the provision of Information services is determined by the specified agreement concluded between the Company and the User. The amount of liability of the Parties is limited to the amount of actual damage caused to the other Party.

MICEX futures

In 1997, the MICEX index appeared on the Moscow Exchange. He, like RTS, started from a position of a hundred points. This index includes shares of the 50 most capitalized companies. Unlike its brother, it shows the change in the state of affairs in ruble equivalent.

This indicator is calculated in real time. The index is sold using options and futures contracts. The latter are offered to potential investors in standard and mini solutions.

MICEX mini futures cost 100 times less than their standard counterpart. Therefore, it is widely used for speculative transactions by small and medium-sized market players. It is worth noting that the liquidity of small contracts is inferior to that of RTS financial instruments. However, this does not prevent them from playing the role of a benchmark for index funds.

Futures provide traders with a wide range of trading options. They guarantee players:

  • decent leverage;
  • fast implementation of contracts;
  • simplified scheme of trading operations;
  • stable profit.

Anyone with about 5,000 rubles can trade small MICEX futures contracts. This amount is quite enough to get started. The purchase of futures does not involve payment of the entire agreement amount.

The exchange only requires the trader to provide security. Its amount is fixed by the trading platform. It is several times less than the cost of the contract itself.

Futures on the MICEX index in QUIK are designated MX or MM. The second combination of symbols indicates a mini-contract. When purchasing tools of this kind, you should pay attention to the abbreviation. Contracts of this line can be used not only for speculative actions, but also for hedging and arbitrage.

Section 8. Submitting Complaints

8.1 A user who believes that any information materials posted on the Site violate his rights and legitimate interests must send a corresponding complaint to the Company’s email address

8.2 The Company considers complaints that meet the specified requirements:

8.2.1 The complaint contains the applicant’s name, surname and patronymic/name, location and actual address, contact information.

8.2.2 The complaint contains a detailed description of the alleged violation of the User's rights.

8.2.3 The complaint contains contact information for sending a response: email address and telephone number.

8.2.4 The complaint contains consent to the processing of personal data (for the applicant - an individual).

Complaints that do not meet the specified requirements are not considered by the Company.

8.3 Complaints are considered by the Company no later than 30 calendar days from the date of receipt of the complaint to the Company’s email address specified in clause 8.1 of this section of the Agreement.

Commodity market goods

  • Energy sector: oil (WTI, OMAN, URALS, Brent), gasoline, fuel oil, diesel, biodiesel, gas oil, kerosene, benzene, natural gas, liquefied natural gas, coal, electricity.
  • Industrial sector: methanol, polypropylene, ethanol, ethylene.
  • Ferrous and nonferrous metals: aluminum, molybdenum, uranium, steel, nickel, cobalt, tin, lead, brass, zinc, copper.
  • Precious metals: palladium, platinum, silver, gold.
  • Agricultural sector : wheat, barley, oats, rice, corn, soybeans, soybean oil, soybean meal, sunflower seeds, cotton, live cattle, feeder cattle, lean-hogs, frozen bacon, milk, sugar, butter, cheese, cocoa, coffee.

Section 9. Final Provisions

9.1 Any disputes related to the conclusion, amendment, execution or termination of this Agreement shall be resolved in accordance with the legislation of the Russian Federation.

9.2 The Company has the right to make changes to the terms of the Agreement by publishing a new version of the Agreement on the Website. The corresponding changes come into force from the moment the new version of the Agreement is published on the Website.

9.3 The User is obliged to periodically review the text of the Agreement in order to study the latest changes made to it. By continuing to use the Site after the relevant changes come into force, the User expresses his agreement with the terms of the Agreement in the new edition.

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