As of April 25th, the daily average trading volume of Chinese crude oil futures has increased significantly and beyond expectation. At present, the daily average trading volume of Chinese crude oil futures has exceeded the volume of Oman
crude oil futures contracts. The total transaction volume of crude oil futures has reached 567.17 billion CNY for one month, and the average daily turnover is among the top three in the world. On April 24th, the main contract SC1809 closed at 447.3 CNY / barrel, hitting a new high since its listing.

From the data of the market, the average daily trading volume of the main contract in recent week was stable at more than 70 thousand hands, and the volume of single week trading continued to rise. In the week from April 9th to 15th, transaction in the single week was especially active, and the position of the main contract had increased by 4316 hands, and the turnover volume was 132.9 billion yuan. Zhong Wenqing, deputy general manager of Beijing branch of Galaxy Futures Limited, pointed out that the market investor's enthusiasm of entering the market has been significantly improved, which has led to the continuous rise of the market activity. At present, the daily average trading volume of China's crude oil futures has exceeded which of Oman crude oil futures contracts, and the development is beyond expectation of the market.

From the overall price movement of the first month, China's crude oil futures and international crude oil futures prices are basically in consistence, fluctuating in the range of 2 USD / barrel of Brent's crude oil price. At present, China's crude oil futures price is still in the initial stage, price following, but its influence on international oil price has already appeared.
"The current price difference is getting closer to the theoretical value of the Oman crude oil delivery price calculated by the industry, so we could assume that the price difference is basically reasonable." Said by Xingyang Zheng, a senior oil futures trading expert in US. He also pointed out that the early market construction lacked a fair price recognized by both buyers and
sellers, so they would refer to other market prices, coupled with reasonable cost of transportation and other fees, then eventually form a crude oil onshore price that could reflect the Asia Pacific region.