The new Chinese futures contract is showing some life…

April 26, 2018 by Jim Colburn Leave a Comment

The EIA’s This Week in Petroleum compares the new Chinese oil futures contract to the older WTI, Brent and Oman contracts here…

“After one month of trading, the Shanghai futures contract for September 2018 delivery already has more open interest and trading volume than the Oman contract for September delivery. The Shanghai futures contract’s open interest is smaller than that for Brent and WTI, but trading volume has been high compared with the number of contracts outstanding, indicating a high amount of trading turnover (Figure 3).”

The Shanghai contract is denominated in yuan:

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