Crude oil futures in the process of accelerating

At present, what the previous period is gearing up to perfecting of contracts, the rule system, system testing and carry out the international platform technology, completes the crude oil futures listed in all kinds of technical preparation.How "what currency settlement,1/2 inch Seamless Steel Pipe ASTM A53 SCH40 crude oil futures for delivery, and so on, these are not problems, the biggest problem is whether we can get the international market launch of the crude oil futures recognition." China petroleum (7.82, 0.05, 0.64%) economic and technology research institute, senior economist Chen Rui said to reporters.

May be based on this consideration, crude oil futures contract in the initial system design, it is controversial.Reporters in a draft there are rumours of crude oil futures contracts on the found that the industry of crude oil futures contracts where one of the most controversial is embodied in the following two points: first,A106b steel tube large diameter ERW steel pipe the settlement currency is in us dollars or RMB; Second, adopt what is the mode of delivery.

"Crude oil futures is playing the Chinese themselves, or true in line with international standards,ASME B16.5 Slip-on Flanges developed into a par in Europe and the us commodity futures, see how to deal with the dispute related level." A futures company, a senior researcher, told reporters.

Obviously, China wants to choose the latter.Securities regulatory commission recently said publicly that the approval of the Shanghai futures exchange within the free trade zone in Shanghai set up Shanghai international energy trading center co., LTD., specific to promote the international crude oil futures platform the preparation. Based on this platform,schedule 40 galvanized steel pipe comprehensive introduction of overseas investors to participate in domestic futures trading. Take this opportunity to expand China's futures market opening to the outside world.

"Our country must adhere to the international crude oil futures market development platform, to form domestic and international investor to compete in the market." The relevant personage of the previous period is stressed to reporters. And the future of the international crude oil futures platform, in addition to the domestic natural persons, legal persons, the domestic futures company, also will introduce overseas special participants.