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Domestic crude oil futures bonded delivery business landed in Guangxi Free Trade Zone

 Last Update: 2022-06-24
 Source: Internet
 Author: User

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crude oil index

carbohydrates energy storage

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The China (Guangxi) Pilot Free Trade Zone Construction Headquarters Office recently revealed that the Shanghai International Energy Exchange under the Shanghai Futures Exchange issued an announcement, agreeing that the Guangxi PetroChina International Reserve, located in the Qinzhou Free Trade Port Area, Guangxi, will become the center’s crude oil futures storage point.

It is understood that the crude oil storage area is invested and constructed by Guangxi PetroChina International Co.

China's crude oil futures implement physical bonded delivery, that is, the crude oil in the bonded oil tank of the designated delivery warehouse for crude oil is under bonded supervision as the delivery subject for futures delivery

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