On Mar 25, China's first international futures - crude oil futures run for two years. According to the data provided by Shanghai Futures Exchange, since its listing two years ago, Shanghai crude oil futures has traded more than 65 million transactions, ranking among the top three largest crude oil futures contracts in the world.
Statistics show that as of March 25, the cumulative volume of crude oil futures trading was 65.6831 million, with a total turnover of 29.88 trillion yuan. In 2019, the annual turnover was 34.64 million, an increase of about 31% on a year-on-year basis; the turnover was 15.48 trillion yuan, an increase of about 22% on a year-on-year basis; the daily average turnover was 142k, an increase of 1.2% on a year-on-year basis; the daily average position was 28.8k, an increase of about 45% on a year-on-year basis; the recent total position was close to 120k, a new high since the listing.
According to the statistics of American futures association in 2019, Shanghai crude oil futures has become the third largest crude oil futures after WTI in New York and Brent in London.
It is understood that crude oil futures have been tested by various geopolitical risks and extreme events at home and abroad since they came into the market. The overall operation of the market is stable, trading volume and position are growing steadily, price discovery function is gradually playing its role, trader structure is continuously optimized, trading mechanism and price distribution mechanism are constantly improved, and are positively recognized by the market.
According to the data of SHFE, by the end of 2019, the total number of accounts opened for crude oil futures has exceeded 100000, of which overseas customers increased by 120% year-on-year, and they are distributed in 19 countries and regions on five continents, accounting for about 15% and 20% of the daily average trading volume and daily average positions. 56 overseas intermediaries have been registered, and the channels for overseas customers to participate have been further expanded.
So far, crude oil futures have completed 16 deliveries, with a cumulative delivery volume of 20.467 million barrels and a cumulative delivery amount of 9.072 billion yuan. The delivery mode of Shanghai crude oil futures, which is different from WTI and Brent crude oil futures, has been proved to be reliable, risk controllable, process smooth and orderly.
According to SHFE, the stable operation and further enhancement of the function of crude oil futures since its listing for two years have played a positive role in promoting the formation of benchmark crude oil prices in Asia and the internationalization of financial markets, marking that crude oil futures have completed the first stage of successful listing and stable operation.
Next, INE will take root and focus on serving the real economy, further improve the trading rules and regulations, improve the operation mechanism, optimize the structure of investors, improve their use efficiency in price discovery and hedging, constantly improve the level of function, deepen market services, better meet industrial demand, further expand opening up, and improve international influence power.
(from Xinhua news agency, reporter Chen Yunfu)
《新华社》：原油期货上市两年成交超6500万手 稳居全球前三
25日，我国首个国际化期货品种原油期货运行届满两周年。根据上海期货交易所提供的数据，上市两年以来，上海原油期货累计成交超6500万手，稳居全球三大原油期货合约之一。
统计数据显示，截至3月25日，原油期货累计成交量6568.31万手，累计成交金额29.88万亿元。其中2019年全年成交量3464.44万手，同比增长约31%；成交额15.48万亿元，同比增长约22%；日均成交量14.2万手，同比增长1.2%；日均持仓量2.88万手，同比增长约45%，近期持仓总量接近12万手，创上市以来新高。
按照美国期货业协会2019年的统计，上海原油期货成为规模仅次于纽约WTI和伦敦Brent原油期货的第三大原油期货。
据了解，原油期货上市来，经受了国内外各种地缘政治风险和极端事件考验，市场整体运行平稳，交易量、持仓量均稳步增长，价格发现功能逐渐发挥，交易者结构持续优化，交易机制和价格发布机制不断完善，得到市场的积极认可。
上期所的数据显示，截至2019年底，原油期货的总开户数已突破10万，其中境外客户同比增长120%，分布在五大洲19个国家和地区，日均交易量、日均持仓量占比约15%、20%。已备案境外中介达56家，境外客户参与的渠道也得到进一步拓宽。
到目前，原油期货已完成16次交割，累计交割量2046.7万桶，累计交割金额90.72亿元。上海原油期货不同于WTI、Brent原油期货的交割模式被证明切实可靠，风险可控，流程顺畅，执行有序。
上期所表示，原油期货上市两年以来的平稳运行和功能发挥的进一步增强，对亚洲地区原油基准价格的形成以及金融市场的国际化产生了积极推动作用，标志着原油期货已完成了成功上市、平稳运行的第一阶段。
下一步，上期能源将扎根立足并围绕服务实体经济的根本，进一步完善交易规则制度，改进运行机制，优化投资者结构，提高其在价格发现和套期保值中的使用效率，不断提升功能发挥水平，深化市场服务，更好满足产业需求，进一步扩大对外开放，提高国际影响力。
（转自《新华社》，记者 陈云富）