Relevant experts emphasize that as a global petrochemical leader, China must establish its own international pricing influence. Petrochemical and downstream companies require effective tools to mitigate operational risks. The development of a petroleum and chemical market system has become a crucial factor in the healthy growth of China's petrochemical industry. According to Li Yongwu, President of the China Petroleum and Chemical Industry Association, during the 4th China Petroleum and Chemical Industry Development International Forum and the 2008 China Petroleum and Chemical Market System Construction Summit Forum held in Shanghai on April 24, the construction of such a system needs guidance and standardization.
Yuan Xiaowen, deputy dean of the China Financial Derivatives Research Institute at Peking University, points out that although China is one of the world's largest producers and consumers of petrochemical products, it lacks corresponding price-setting power. This discrepancy contradicts the goals of building a robust petrochemical market system. Most transactions remain spot-based, with limited electronic trading platforms and an underdeveloped trading infrastructure.
Currently, futures markets and commodity e-commerce platforms are emerging as key players in petrochemical product trading. They offer essential tools for companies to hedge against risks and play an increasingly important role in price discovery and benchmarking. According to data, there are hundreds of domestic petrochemical trading markets. In 2007, the turnover of professional petrochemical spot markets exceeding 500 million yuan surpassed 200 billion yuan. By the end of 2007, over 20 third-party oil and chemical e-commerce platforms had been established nationwide, with cumulative transaction volumes exceeding 30 million tons and total value surpassing 250 billion yuan.
However, Li Yongwu noted that China’s petrochemical trading market remains relatively small. The total turnover of spot markets with over 19 turnovers above 500 million yuan accounts for only 5% of the industry’s total sales revenue. The market lacks broad reach, standardized trading methods, and a mature system, failing to meet the growing demands of the industry.
Ren Xingzhou, director of the Institute of Market Economy at the State Council Development Research Center, highlighted concerns about unclear regulatory authorities and incomplete systems in the commodity e-commerce trading market. Some platforms have blindly imitated others, imposed low margins, and created higher risks, hindering normal market operations. The Ministry of Commerce is currently working on developing management guidelines for bulk commodity trading markets.
Li Yongwu also announced that the China Petroleum and Chemical Industry Association will form a preparatory committee for the Market Coordination Committee. Ren Xingzhou supports this move, stating it will help shape government policies, facilitate communication between regulators and traders, and guide the industry toward sustainable and healthy development.
2.8 Ton Mini Excavator for sale Mini Crawler Excavator
General information:
|
Model |
XN28 |
Bucket capacity |
0.05cbm |
|
Engine |
Yanmar engine |
No. Cylinders | 3 cylinders |
| Engine Model | 3TNV80-SPSY2 | 14.6kw/2400r/min |
|
|
Net weight |
2640kg |
Operation weight |
2800kg |
|
Max. Digging depth |
2396mm |
Max. digging height |
4153mm |
Picture of XN28:
Contact me for more information :
Jessie Du:
Email: jessie.du5958@gmail.com
sales4@sdxiniu.com
Whatsapp: +86-187 6951 7398
Wechat: 133 7560 5958
Skype: jessie.du40
Mb:+86-133 7560 5958 / 187 6951 7398
2.8 Ton Mini Excavator,Excavator Mini,2.8 Ton Crawler Excavator With Swing Boom,Mini Excavator With Cab,China Mini Crawler Excavator 2.8 Ton
SHANDONG KEN STONE HEAVY MACHINERY CO.,LTD , https://www.chinaexcavator.com