Competition for pricing power Shanghai to push oil futures

China, the second largest oil consumer, has been looking forward to the early introduction of oil futures and its participation in international oil pricing.　　June 2, the sixth session of the Shanghai Derivatives Market Forum, deputy mayor of Shanghai Tu Guangshao Vice-Chairman said that the Shanghai Futures Exchange in order to launch oil, diesel, asphalt and other energy-chemical futures listed. This statement once again triggered the industry's various reverie. "I personally support domestic oil futures, which means competing for pricing power for international oil prices," he said.　　Wang Zhen, dean of the College of Business Administration at PetroChina University, said he said that although having oil futures did not mean that China would be fully priced, it could at least participate in international pricing competition. Insiders pointed out that foreign exchange control and domestic oil companies to the monopoly of oil prices is a constraint on the exchange listed oil futures two major factors. "The current international crude oil barrel of 60 U.S. dollars-70 U.S. dollars in price, the country would like to reform the oil price pricing method will not be strong, oil futures specific time to launch in Shanghai or doubt."　　"Related reports two major oil groups want to cancel the retail price of refined oil products Guangdong has no change according to the media recently reported that the two major group headquarters has recently convened a meeting to require subordinate sales companies to cancel their respective regions of the diesel retail price concessions, raised to the maximum price. According to the commodity advisory body of trade information related people, the policy was introduced, various sales companies around the reaction. Among them, the North China and Shandong region because of the original did not implement preferential policies, and South China and East China and other areas where preferential measures have begun to respond to Headquarters call.　　　　　　　　However, yesterday, the reporter visited the Pearl River New Town, Wuyang New town, such as Guangzhou District gas stations found that the current oil retail prices to maintain the national Development and Reform Commission in Monday announced the price of refined products, the temporary no changes. (Zhong)