China to launch debut crude oil futures contract by March 2018
Date: 2018-01-15   Author: Dhananjay Punekar  Category: #news

China to launch debut crude oil futures contract by March 2018

In a major breakthrough witnessed across the crude oil sector, reports have claimed that China is expected to enter its first crude oil futures deal after 23rd February 2018. It has been anticipated that the agreement will be launched only after receiving the nod of approval from the State Council of People’s Republic of China. As per reliable sources, the approval of the contract is most likely to take place by the end of March this year, post the termination of political events such as the People’s political consultative conference and the National People’s Congress conferences to be held in early March in the country.

Authentic sources have cited that after the approval of the deal, the Shanghai International Energy Exchange will be able to unleash various kinds of deliverable crude oil grades in the market. Reports have also stated that the latter had been planning to launch crude oil futures contract since past decade and has displayed a reasonable growth only during the time interval of 2012-2015. It has also been learnt that there has been a big delay in the contract launches on numerous other occasions.

According to industry analysts, this crude futures deal is set to hold a key benchmark for oil costs and would demonstrate East Asia’s perspective on the crude oil market costs. International traders have stated that though China has been on the forefront as far as transforming the contract into a global benchmark goes, the main area of concern among the players is the problem of liquidity & volatility in the initial stage of its launch.

In spite of the rising concerns over price volatility among the international crude oil dealers, experts have claimed that the government’s move to grant permissions to independent refineries for oil refinement along with favorable tax policies as well as foreign exchange regulations will promote the participation of foreign traders in the country and support the growth of the crude oil industry across the region.



About Author


Dhananjay Punekar

Dhananjay Punekar

Dhananjay currently works as a content writer at AlgosOnline. A post graduate in mathematics as well as business administration, he worked as a process executive in Infosys BPO Limited before switching his professional genre. Following his childhood passion, he opted fo...

Read More

More from Dhananjay


Post Recommendents

Global Hard Disk Eraser Market Latest Trend, Growth, Size, Application & Forecast 2024
Author: Partha Ray

This detailed presentation on ' Hard Disk Eraser market' accumulated by Market Study Report, LLC, features an exhaustive study conveying influential trends prevailing in the global business sphere. The report also presents significant deta...


Hard Drive Eraser Market Analysis, Trends, Top Manufacturers, Share, Growth, Statistics, Opportunities & Forecast to 2024
Author: Partha Ray

The ' Hard Drive Eraser market' analytical summative by Market Study Report, LLC, is a thorough study on the latest market trends prevailing in the global business sphere. The report also offers important details pertaining to market share...


Starch Derivatives Market Analysis, Industry Trends, Business Opportunities by 2023
Author: Rahul Sankrityayan

Starch Derivatives Market to witness highest gains over the forecast period owing to its increasing use for applications such as processed meats, convenience foods, sauces, bakery products, deserts and ice creams. It is cost effective and poses th...