Wuchan Zhongda Group Got the First Crude Oil General Trade Quota

Source: www.cnforex.com

Zhoushan Government announced that Zhejiang Petrochemical Trading Center, owned by Zhejiang Wuchan Zhongda Group, got China’s first crude oil general trade quota. This means Zhejiang Petrochemical Trading Center can conduct spot crude oil trading business. Once Zhejiang Petrochemical Trading Center starts the crude oil trading, it will cooperate with the Shanghai Crude Oil Futures.