7 Dec 2017 Proposal for a yuan crude oil futures contract gains attention China's moves to set up trading oil in yuan have sparked enthusiasm about what  25 Oct 2017 The story this time involves China's plan is to price oil in yuan using a gold- backed futures contract. Even if that were true, the impact would be 

15 Nov 2018 This break involves the launch by China of a new oil futures contract on the the Chinese yuan to the core of global commodity trading activity. 17 Oct 2018 Yuan-denominated gold futures contracts have been introduced in Shanghai and Hong Kong over the past two years, providing potential  3 Dec 2018 But the launch of renminbi-denominated oil trading this year since China launched its oil futures contract, denominated in yuan (renminbi),  9 Feb 2018 After a wait of about a quarter of a century, the world's biggest oil buyer is finally getting its own crude-futures contract.

Trading ceases at 9:00 AM Beijing time, two Beijing business days prior to the third Wednesday of the contract expiry month. In all cases, such other date as the  

18 Jan 2019 Dollar/CNH futures trading – referring to offshore renminbi – hit a total of $534 The contract is now shifting $2.17 billion a day in average daily  9 Jan 2019 China is trying to allow oil exporters to exceed dollar-denominated standards by trading in the yuan. The trade war might impede the INE as the  15 Nov 2018 This break involves the launch by China of a new oil futures contract on the the Chinese yuan to the core of global commodity trading activity. 17 Oct 2018 Yuan-denominated gold futures contracts have been introduced in Shanghai and Hong Kong over the past two years, providing potential 

U.S. Dollar/Chinese Yuan Futures Market News and Commentary EUR/USD may continue downtrend to 1.0940 while trading below 1.1054 Anton Kolhanov 

Exchange: China Financial Futures Exchange (CFFEX) Type: Index Futures Underlying: Hushen 300 Index Currency: Renminbi (RMB) Contract: Size 300 RMB  18 Jan 2019 Dollar/CNH futures trading – referring to offshore renminbi – hit a total of $534 The contract is now shifting $2.17 billion a day in average daily  9 Jan 2019 China is trying to allow oil exporters to exceed dollar-denominated standards by trading in the yuan. The trade war might impede the INE as the 

China may have launched a yuan-backed oil futures contract but there's little to suggest it will break the dollar's grip on the global crude trade. Sign in to your Forbes account or register

5 Apr 2018 As Yuan-denominated contracts play a key role in RMB internationalization, the INE Crude Oil Futures marks the beginning of a gradual opening  26 Mar 2018 Denominating oil contracts in yuan would promote the use of China's currency in global trade, one of the country's key long-term goals. 26 Mar 2018 The Shanghai International Energy Exchange launched trading of yuan- denominated crude oil futures contracts on Monday. This is the first in  29 Mar 2018 China's yuan-denominated crude oil futures launched today in and Freepoint Commodities were among the first to buy the new contract. 20 Dec 2017 The China yuan oil futures contract now will allow China's trading partners to pay with gold or to convert yuan into gold without the necessity to  7 Dec 2017 Proposal for a yuan crude oil futures contract gains attention China's moves to set up trading oil in yuan have sparked enthusiasm about what  25 Oct 2017 The story this time involves China's plan is to price oil in yuan using a gold- backed futures contract. Even if that were true, the impact would be 

3 Dec 2018 But the launch of renminbi-denominated oil trading this year since China launched its oil futures contract, denominated in yuan (renminbi), 

China is taking its first steps towards paying for imported crude oil in yuan instead of the U.S. dollar, three people with knowledge of the matter told Reuters, a key development in Beijing's It’s taken a quarter of a century, but China finally has its own oil futures. At 9 a.m. local time on Monday, crude contracts began trading on the Shanghai International Energy Exchange. Futures for September settlement opened at 440 yuan a barrel, up from a reference price of 416 yuan.

China, the world’s largest oil importer, is launching a yuan-denominated crude futures contract with the potential to become a benchmark for global oil transactions. But it must overcome many China Formally Announces Launch of Yuan Oil Futures Contract by The Daily Coin · Published February 9, 2018 · Updated February 9, 2018 After months of speculation and much hand wringing in the alternative press China has formally announced she will launch the yuan oil futures contract on March 26, 2018. The launch of the yuan oil futures contract will be a wake-up call for traders and investors who haven’t been paying attention to Chinese plans to create the so-called petroyuan and shift oil trade