日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

   

More oil futures products needed

By Wang Lan (China Daily)
Updated: 2008-01-04 08:52

The continuous surge of crude oil prices in the international market is posing an urgent need for China to establish a comprehensive energy futures market to help domestic downstream enterprises minimize risks arising from frequent price swings.

Analysts said the introduction of more oil futures products is of particular importance at a time when global economic uncertainties have exacerbated the fluctuations in crude prices at unprecedented high levels.

"There is clearly an urgent need to expand the scope of the domestic oil futures market by introducing new oil futures products, including futures contracts on crude, gasoline and diesel," said Lin Hui, an analyst at Orient Securities Futures.

"The development of oil futures market is conducive to increasing China's influence in global energy pricing and ensure the country's economic security."

Industry analysts said the trading of fuel oil futures contracts on Shanghai Futures Exchange (SHFE) since 2004 has paved the way for more oil futures products.

Trading in fuel oil futures contracts has become increasingly active over the past three years. The turnover of fuel oil futures contracts on SHFE last year totaled 849.6 billion yuan ($116.86 billion), up 51.1 percent from 2005.

Analysts said what many Chinese downstream enterprises need most is a transparent and effective oil futures market to hedge against risks resulting from sharp swings in international oil prices.

Officials at SHFE have expressed their desire to launch oil futures products to develop the energy-related futures market. The exchange stepped up its research in developing oil futures contracts two years ago.

In September, SHFE signed a memorandum of cooperation with China University of Petroleum in Beijing to jointly set up an institute of research on energy finance and pricing risks.

Yang Maijun, general manager of SHFE, had said at the signing ceremony that the cooperation would enable the exchange to expand the team of experts on energy economy and quicken the pace of introducing oil futures products.

Analysts said an efficient oil futures market can make it possible for prices to reflect the true supply and demand conditions.

"Only when market forces dictate oil prices can the futures market truly reflect the supply and demand conditions in the industry," said Zhou Jie, an analyst at China International Futures (Shanghai) Co. "Small and medium-sized downstream enterprises can benefit from the energy financial market then."


(For more biz stories, please visit Industry Updates)



Related Stories  
主站蜘蛛池模板: 一区二区三区在线免费观看视频 | 午夜在线一区 | av午夜精品 | 日本一区二区精品视频 | 亚洲啊啊啊啊啊 | 毛片视频免费播放 | 国产xxxx视频| 成人免费观看视频 | 日韩在线免费观看视频 | 亚洲午夜精品久久久久久高潮 | 五月综合在线 | 中出av在线 | 天天曰天天 | 精品国产一区二区三区久久久蜜臀 | 国产精品久久免费视频 | 欧美高清一区 | 天天久久 | 欧美www| 亚洲国产精品一 | 少妇亚洲 | 国内毛片视频 | 在线看黄色网址 | 免费a级片在线观看 | 亚洲成人少妇 | 韩国三级中文字幕hd久久精品 | 国产成人精品综合久久久久99 | 色资源av | 国产精品久久久久久久久免费 | 亚洲天堂av中文字幕 | 欧美第一区 | 成人国产一区 | 一级aaa毛片 | 亚洲网站在线观看 | 精品一区二区三区蜜桃在线 | 亚洲精品91 | 欧美在线www| 韩国一级黄色录像 | 日韩大片在线观看 | 色老大影院 | 日韩午夜网站 | 激情综合亚洲 |