The Establishment And Operation Of China's Oil Futures Market Study

Petroleum as a modern society's most important primary energy andimportant raw material for industry is called the blood of the economy andsociety. With China's rapid economic development has been growingshortfall in the supply of oil, China had to rely on massive imports to meetthe growingdemand for oil. As the international price of oil futures lead oilspot prices coupled with our no oil futures market, lack of influence oninternational oil prices, the international oil futures prices fluctuated wildlywill have an enormous impact on the stable operation of the nationaleconomy. Therefore, must speed up the establishment of our countrypetroleum futures market, gradually obtain the right to speak of theinternational oil price to guarantee economical health fast development, thisisthesignificanceofthisstudy.General domestic oil futures market research and focus on the oil futuresmarket to the necessity and feasibility of establishing, for the establishment andoperationoftheoilfuturesmarket,andhowtoestablishtheprinciple oflimited research in this area, this is the main content of the article to bediscussedandinnovationlies.This paper is divided into six chapters. Chapter 1 : Introduction ,thebackground of the main topics on the domestic situation and the results ofthis study of innovation. Chapter 2 : China's oil market situation, analyzesthe current status of supply and demand in the petroleum market, pointedout our country establishes the petroleum futures market the necessity andthe feasibility, recalling the last century the oil futures market tortuousprocess of our country. Chapter3: Our country petroleum futures market'sestablishment principle, through to our country oil market crude oilcirculation system and refined oil fixed price mechanism analysis,comparison establishment futures market five conditions, proposed ourcountry establishes four principles which the petroleum futures marketshouldfollow.Chapter4:Theestablishment andoperationmodel ofChina'soil futures market, explore the create a model on the analysis of the oilfutures market on the basis of location and structure of the petroleumfutures market, through the six systems of the bond system, the standardcontract, Price Limit system, the system for speculative position limits,large reporting system, the system of forced positions to discuss theoperation mode. Chapter5: The assistant model of China's oil future markerand the defense for the risk. Chapter 6 : Conclusion, pointed that China willbeabletobuildtheoilfuturesmarketofworldinfluence.