Mar 29, 2018
Yesterday, Sinopec announced that it is restarting some of the Shengli crude oil production that was shut in 2015-2016 in the flat price drop. Interestingly, this announcement comes in the same week as the start of China’s oil futures. Shengli is a deliverable...
Mar 27, 2018
Please see our small note on China’s crude oil imports in February 2018 (attached PDF document) China Feb Imports
Mar 27, 2018
China oil futures ended the day at 426.4 RMB/bblk, down -7.4 RMB/bbl on the day. The Sep/Oct spread narrowed to 3.2 RMB/bbl. Trading volume was about unchanged from Monday and Open Interest on the September contract increased by 822...
Mar 26, 2018
The first day of trading for China oil futures can be described as a success. Volume was relatively strong at 42’336, with most of it concentrated on the first trading month (September 2018 with a volume of 40’656). The large trading companies with a...
Mar 22, 2018
Commodity code for China’s crude oil futures: Reuters: ISC eg ISCc1 for the continuation RIC Bloomberg: SCPA Comdty eg SCPU8 Comdty for the September 2018 contract ICE/Futuresource: SC with extension SHF, eg for the first month: SC 1!-SHF Trading hours: 9:00...
Mar 22, 2018
Reuters has a good recap on challenges facing China’s oil futures: https://www.reuters.com/article/china-oil-futures/explainer-china-aims-to-challenge-brent-wti-oil-with-crude-futures-launch-idUSL3N1R32KY and another one:...
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