Domestic first OilFut unloaded in Dalian Port! | Sowoll

On June 21st, YouPin Terminal of Dalian Port completed the unloading of the “Asian Progress 5” wheel of the Singapore-owned oil tanker. It is wonderful that the domestic first crude oil futures smoothly unloaded to the designated delivery warehouse of PetroChina International Storage & Transportation Co., Ltd. After the official listing of domestic crude oil futures, this finished unloading is a symbol of the beginning of a substantial phase in China's future crude oil transactions.
Nowadays, China has become the world's largest crude oil importing country, meanwhile, it is also the world's second largest consumer of crude oil. On March 26, China's crude oil futures were officially listed on the Shanghai International Energy Trading Center. As domestic first internationalized futures product in China, the listing of crude oil futures provides domestic crude oil consumers with hedging and risk avoidance channels, which is more conducive to the formation of a price system reflecting the supply and demand relationship between China and the Asia Pacific oil market. To some extent, it is also of great significance in promoting the internationalization of the RMB.

With great support of Dalian Customs, .......

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