China Energy Exchange Approves Shandong Port Group for Three Futures Delivery Operations

According to China Energy Exchange, on July 22, Shandong Port Group and its subsidiaries were approved to operate group delivery centers for crude oil, low-sulfur fuel oil, and 20# rubber futures contracts.

A subsidiary, Qingdao Port International Logistics, was designated as the 20# rubber futures delivery warehouse with two locations in Qingdao: the first with 100,000-ton capacity (55,000 tons operational) and the second with 50,000-ton capacity (25,000 tons operational). No regional premium or discount applies to either location.