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Deliverable Crude Oil Grades and Delivery locations -update-

Deliverable Grades against China crude oil futures: The loading origin of the deliverable crude oil grades has been specified by the exchange on March 20th 2018 as: 1. United Arab Emirates Dubai Crude Oil: Fateh Terminal; 2. United Arab Emirates Upper Zakum Crude Oil:...

China Manufacturing PMI, February 2018

The official PMI for February drops to 50.3, the lowest level in 19 months, a third consecutive month of decline which brings manufacturing down to minimal expansion. There can be some impact from Lunar New Year but holidays don’t come as a surprise and the number was...

China Crude Oil Imports January 2018

China’s crude oil imports in January were significantly higher than a year ago (+1.6 myn b/d y/y). The main loser of that growth in crude oil demand was Saudi Arabia and the main gainer was the US. As Saudi Arabia limits its crude oil exports to support prices, the...

Deliverable Crude Oil Grades and Delivery locations

Deliverable Grades: Delivery storage facilities: Sinopec Petroleum Reserve Co., Ltd., PetroChina Fuel Oil Company Limited, Sinochem-Xingzhong Oil Staging (Zhoushan) Co., Ltd., Dalian PetroChina International Warehousing & Transportation Co., Ltd., Qingdao Shihua...

China Crude Oil Futures Contract Specifications

Product Medium Sour Crude Oil Contract Size 1000 barrels per lot Price Quotation (RMB) Yuan per barrel (no tax or duty included in the quotation) Minimum Price Fluctuation 0.1 Yuan / barrel Daily Price Limits ±4% from the settlement price of the previous trading day...