China launches spot fuel oil trade at Beijing Petroleum Exchange

30 November 2012 08:53  [Source: ICIS news]

SINGAPORE (ICIS)--China has launched spot trading of fuel oil at the Beijing Petroleum Exchange (BPEX) on 29 November, a source from BPEX said on Friday.

The launch should help boost trading activities in fuel oil, the source said.

With FU380 as product code, fuel oil’s listed price was yuan (CNY) 4,830/tonne ($775/tonne) on Thursday, according to a BPEX statement.

($1 = CNY6.23)

By: Dolly Wu
+65 6780 4359

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