INE adds two designated delivery terminals for crude oil futures
Since February, Shanghai International Energy Exchange (INE) agreed that Dading Oil Storage Co, Ltd and Qingdao HaiYe Mercuria Storage Co, Ltd would be added as designated delivery terminals for its crude oil futures.
The oil terminal of Dading Oil Storage Co, Ltd, located in Zhoushan City in Zhejiang Province, has an approved storage capacity of 440,000 cubic meters and 220,000 cubic meters of storage capacity are in operation. The oil terminal of Qingdao HaiYe Mercuria storage Co, Ltd, located in Qingdao in Shandong Province, has an approved storage capacity of 1 million cubic meters and 400,000 cubic meters of storage capacity are in operation.
So far, INE has 10 designated delivery terminals and 17 storage points. The total approved storage capacity is 17.99 million cubic meters, and the total storage capacity in operation is 12.52 million cubic meters.