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Article: SPE to launch spot trading of crude oil, gasoline and diesel.
- Article from:
- China Business News
- Article date:
- February 19, 2009
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SPE to launch spot trading of crude oil, gasoline and diesel
Shanghai. February 19. INTERFAX-CHINA - The Shanghai Petroleum Exchange (SPE) plans to launch spot trading of crude oil, 0# diesel and 93# gasoline within the first half of 2009, an official from the exchange told Interfax on Feb. 18.
SPE plans to charge commission of 0.05 percent to 0.08 percent on the value of each exchanged contract, according to the official, who asked to remain anonymous.
The exchange plans to ink contracts with oil depots in Tianjin Municipality, Shandong ...