The correlation between the spot price of fuel oil in China and the futures price of fuel oil in the international market is above 90%. In view of the close relationship between Shanghai copper price and London copper price, it is expected that Shanghai fuel oil futures will be linked with new york crude oil futures and 180CST fuel oil futures of Singapore Futures Exchange as soon as they are listed, and the correlation will not be less than 90%. The first batch of new fuel oil contracts put on hold this time is seven months in 2005 (1, March, April, May, June, July and August). There is a problem of selectivity to contract objects and trading strategies. In view of the high risk in the fuel oil futures market, the above work is more important for small and medium-sized retail investors.
The content of this article comes from: China Law Publishing House "General Knowledge Series of Legal Life"