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On September 7, the delivery of the first line contract SC1809 of Shanghai crude oil futures was successfully completed. So far, the "last mile" of Shanghai crude oil futures has been opened, marking the success of China's crude oil futures listing. China United Petroleum Co., Ltd. participated in the crude oil delivery business with a trading volume of 100000 barrels, becoming the first enterprise to participate in the delivery of crude oil futures in Shanghai.
The crude oil SC1809 contract is the first major contract launched after the listing of Shanghai crude oil futures. According to relevant regulations of Shanghai International Energy Trading Center, the last trading day of this contract is August 31, and the delivery date is September 3 to September 7, with a total delivery volume of 601000 barrels.
On March 26, Shanghai crude oil futures were listed. For more than five months, Zoomlion actively participated in Shanghai crude oil futures trading. On the first day of listing, Zoomlion Oil successfully won the first batch of orders on the first day of "home" in China; On May 10, the first crude oil futures delivery drill was completed in Dalian Bonded Oil Terminal, and the whole process of domestic crude oil futures delivery business was completed; On June 20, the first warehouse receipt of Shanghai International Energy Trading Center was registered in Dalian PetroChina Bonded Oil Terminal, and the crude oil delivery warehouse was officially put into use; On September 7, the delivery of SC1809 crude oil futures was successfully completed.
As the first open futures in China, crude oil futures are priced in RMB, traded at net price, and delivered in bond, which has attracted great attention from market participants and regulators at home and abroad. The successful completion of this delivery has proved that the system design and trading rules of Shanghai crude oil futures are accepted by the market in practice, which to some extent reflects the function of this variety in serving the real economy, and fully reflects the price discovery of crude oil futures on the spot market. The opinion of this article only represents the author himself. If the source of the article is a network reprint, this website is an information publishing platform. If there is infringement, please contact this website to delete it in time.
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