China’s only oil futures contract being traded on the Shanghai Futures Exchange is gaining acceptance, with daily trades averaging 804,000 tons since its launch more than three months ago, according to a Xinhua news report. The volume of fuel oil traded on the exchange totaled 52.29 million tons, worth 115.2 billion yuan (US$1=8.27 yuan),…
CHINA: Shanghai’s fuel oil futures “doing well”
Posted on December 13, 2004 by EnergyAsia