On April 21, the Shanghai International Energy Trading Center issued a notice on market risk control.
noticed that recently, the international situation is complicated and changeable, and there are many uncertain factors that affect the operation of the market. Please invite relevant units to do risk prevention work and invest rationally. Maintain the smooth operation of the market.
At the same time, the Shanghai International Energy Trading Center issued an announcement agreeing to increase the crude oil futures activation library of PetroChina Fuel Oil Co., Ltd. Zhanjiang Storage Branch.
The announcement stated that it agreed to the designated delivery of crude oil futures of CNPC Fuel Oil Co., Ltd. located in Zhanjiang Port, Zhanqiao Port, No. 1, Youyi Road, Xiashan District, Zhanjiang, Guangdong The storage capacity of the warehouse storage site will be increased from 400,000 cubic meters to 500,000 cubic meters, and the approved storage capacity will be implemented according to 700,000 cubic meters.
Previously, after the afternoon of April 16th, the trading center announced an adjustment to the storage fee standard for Shanghai crude oil futures, from the original about 6 yuan / barrel month, increased To about 12 yuan / barrel month.
Market analysts believe that in the case of oversupply, inventory increases and the need to consume tank capacity, if the previous 6 yuan is maintained, it is not for the storage company Fair. Increasing the storage fee is conducive to capacity expansion, which is beneficial to the return between the arbitrage valuation of near-end contracts and external disks.
In the early hours of April 21st, Beijing time, there was a scenario where the price of crude oil futures trading was negative for the first time in history. In just two hours, the WTI crude oil futures delivered by the New York Mercantile Exchange in May fell successively from the psychological point of 10 integers from 10 to 1 dollar, staged the craziest selling in the history of crude oil futures, and closed less than half before the day. Hours ago fell to a negative value, and finally closed at -37.63 US dollars per barrel, a decrease of 305.97%.
In the afternoon of April 21st, Beijing time, international oil prices plunged again. The WTI June futures contract fell more than 42% in one day, falling below the $ 12 / barrel mark, Brunn June crude oil futures contract fell more than 28%.