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News attention:
Citi Futures China commodity analysts commented that this may be due to the slowdown in the Chinese government’s process of filling strategic oil reserves. China's crude oil imports soared in March, which was due to the large amount of crude oil the Chinese government needed to fill its strategic petroleum reserves. In addition, China's crude oil imports decreased in March, which may be related to the rebound of international oil prices to high levels at the beginning of the month. Because international oil prices rise, China's crude oil imports will decrease to a certain extent.
In addition, the agency predicts that China’s crude oil imports will continue to increase from month to month this year. Because there will be more and more inventory capacity that needs to be filled. Moreover, the recent oil price hovering at a low level of USD/barrel may also lead to active crude oil storage activities.
Introduction to Northwest Commodities:
The Northwest Commodity Trading Center (hereinafter referred to as the trading center) is strictly in accordance with the "Decision of the State Council on Cleaning up and Rectifying Various Exchanges to Effectively Prevent Financial Risks" (State Council No. {}) Relevant regulations were approved by the Department of Commerce of Ningxia Autonomous Region, reviewed by the Finance Office, and reported to the People's Government of the Autonomous Region for approval. The Autonomous Region Government successfully reported to the State Council Inter-Ministerial Joint Conference on Cleaning up and Rectifying Various Trading Places. It is currently the only regulation in China that is directly passed through provincial-level government regulatory authorities. A trading place where the risk control director is stationed.
To open a Northwest Oil account, you must meet the conditions
, be a Chinese citizen who is one year old or older and have full capacity for civil conduct, or a corporate legal person or other economic organization registered in the territory of the People's Republic of China in accordance with the law
, be able to fully Understand all the risks associated with this transaction and have the risk tolerance
. Partial or total loss of account funds due to investment mistakes will not change their normal lifestyle or affect their normal production and operation conditions.
Notes on signing:
If you want to sign a contract with China Construction Bank for bulk account opening in Northwest China, you need to pre-sign.
CCB’s contract signing, contract termination, deposit and withdrawal time:
Instructions for signing
Customers (natural person customers are themselves, institutional customers are their legal representatives or authorized principals) should adopt a natural stance and Turn the "Customer Agreement" to page 15 (Customer Confirmation Letter Page) and hold it in front of your chest. The designated personnel of the member unit will take photos.
The photo should clearly reflect the customer's face and the text, signature and seal in the "Customer Confirmation Letter".
Northwest Oil Trading Rules
Transaction Specifications: Northwest Oil Barrels, Northwest Oil Barrels, Northwest Oil Barrels
Trading Codes:,,
Trading Units: Barrels/Hand, Barrels/Hand, Barrel/lot
Quotation unit: RMB/barrel
Quotation spread: fixed spread. Yuan/barrel
Minimum change unit: RMB/barrel
Margin rate: .%,. %,.
Handling rate: 10,000 (bilateral charge)
Delay fee: 1/10,000
Increase or decrease: unlimited
Everyone may have their own investment style , however, no matter which investment method, the prerequisites for investment returns are almost the same: certain analytical skills, good risk control, and excellent fund management, these are all essential. No matter what strategy you adopt, only by doing these things well can your investment achieve steady returns and at the same time control risks within a smaller range. However, in fact, most investors have a certain degree of blindness and are more or less deficient. If we want to make investing easy and simple, we only have to constantly improve ourselves and make a little progress every day, and you will definitely Become an investment expert.
For real-time news alerts on Western bulk commodities, investment orders and market analysis and interpretation, contact Manager Zhang on QQ WeChat:
Northwest Bulk Trading Center officially opens an account. What should you pay attention to when signing a contract?