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Spot Oil Agent
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How did the Beijing Petroleum Exchange quotation come from? The products of the Beijing Petroleum Exchange are currently online, including liters and tons, and their quotations are all based on the quotations of international crude oil.
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Oil spot trading started late in the country and is regarded as one of the industries with the most development potential. Most domestic oil exchanges only support the traditional spot trading model, and only the Beijing Petroleum Exchange can realize spot trading of oil.
Beijing Petroleum Exchange's quotation includes several conditions
During Beijing Petroleum Exchange's trading hours, first it is based on the international crude oil market price
Then it is based on the oil yield of domestic crude oil processed into refined oil
br/> According to the People’s Bank of China’s benchmark exchange rate of RMB against the U.S. dollar on that day
Considering the barrel conversion rate, a ton of crude oil is approximately (taking into account the density of crude oil)
Based on the above conditions, according to the crude oil price in the most recent month The average price quoted is converted into the middle guide price of Beijing Petroleum Exchange.
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