New Updated Rating Add company. New Updated Rating Add product. Question of the week Will the russian Turkish stream be launched, or an apology to Erdogan is not enough? Russia and Ukraine will come to a settlement and ukrainian gas piplene sistem will be renewed the Turkish stream will be launched the Turkish stream?! The Tokyo Commodity Exchange Tocom said yesterday that it will push ahead with plans to launch a dollar based crude oil futures contract on the Singapore Exchange SGX in September despite market apathy for the project.
The two exchanges first announced plans for the crude futures in April, but oil market participants showed little enthusiasm at the time. Nakazawa said increased trade between Asian countries and oil business risks would ensure the success of the contract. Because of the risks involved in oil business, there is a heavy need for a hedging tool among oil traders and commercial players,?
In May , Nymex launched a Middle East sour crude contract after much fanfare but also gave up after about a year. Only Tocom has had any success with oil futures in Asia but its crude, gasoline and kerosene derivatives, priced in yen and kilolitres, draw mainly day traders - individual retail customers and market speculators - and not oil traders.
While the launch date of the Tocom contract has been decided, daily position and price limits were still being discussed, Nakazawa said. We are certain, however, that the position limits would be greater than the Japanese contract.? The existing Japanese contract has a spot month position limit of 80 lots, equivalent to 50, barrels, and a daily price limit of yen. Traders wondered how arbitrage may work between the two Tocom and SGX crude futures. Nakazawa said, adding that the potential for arbitrage would boost traded volumes.
On the domestic front, Nakazawa said Tocom was reviewing a change in margins or? Margins for one kilolitre lot would be reduced to , yen from July 1, 10 per cent lower than the previous , yen, he said. But current trading limits, which traders have complained are too low, would stay for now.
Nakazawa also said he expected to launch a gas oil contract early next year, but could not provide as concrete date. News 06 March , Comments No comments yet. Offshore oil treasures in eastern Mediterranean sea 04 March , To Russia with energetic love 24 January , Trending now Марийский НПЗ опровергает информацию СМИ о якобы уклонении предприятия от уплаты таможенных пошлин на нефтепродукты ТНГ-Групп открывает совместное предприятие в Марокко Yokogawa представила сервис для технического обслуживания, основанный на технологиях видеосвязи и дополненной реальности.
Дизель-генератор кВт АД Адрес и телефон d-system. Адрес и телефон rittal. Вахтовые посёлки от производителя. Вахтовые посёлки под ключ: Адрес и телефон r-kompleks. Russia and Ukraine will come to a settlement and ukrainian gas piplene sistem will be renewed.More...