futures price discovery and the function of hedging is of certain practical conditions,louboutin outlet, from the current situation, the domestic oil market is still a limited opening, the relative monopoly market,christian louboutin outlet, spot oil market basic has not formed, crude oil pricing mechanism and the main oil varieties are still the implementation of government guidance price, difficult to fully achieve its value and hedging of futures market price discovery. So in the short term, the domestic launch many problems still need to be solved in oil futures trading.

oil futures market; problem; countermeasure and suggestion of

2.1 China petroleum futures market in China the futures regulatory laws and regulations and administrative supervision system lags behind the development of the futures market,air jordan,In physical education teaching emotional counseling degree thesis of graduation. The futures market of our country is lack of regulation system mature, born in the futures market clearing the whole period of the "Provisional Regulations on the administration of futures trading",christian louboutin uk; limitations have become increasingly prominent, subsequently released the notice, all the way,christian louboutin outlet, opinion, reflects the temporary management execution and weak restriction, which restricted the development of the futures market norms.

macro problems

Abstract: the oil futures market, help to ensure the supply of oil,louboutin, to avoid the oil price risk, to safeguard national economic security, establishing strategic petroleum reserve system of their own, but also conducive to China's reform and improve the oil pricing mechanism and the circulation system, to obtain the oil pricing power, strengthen the international competition ability. China as the world's oil production and consumption country,louboutin pas cher, construction of the oil futures market, grasp the international oil pricing right to participate, to actively participate in international market competition,air jordan pas cher,A private Power Grid Corp eight years running 2012, improve the quality of enterprise, has the vital significance to enhance the competitiveness of national economy. Keywords:

2 oil futures market in China

the earliest domestic oil futures is the Nanjing Petroleum Exchange, but the largest trading volume, the impact is the biggest is the Shanghai petroleum exchange,christian louboutin outlet. From the beginning of 1994 April, the state has carried on the reform to the oil circulation system,Private technology enterprises in Kunming city pol, the domestic production of crude oil and imported crude oil resources are all included in the State Development Planning Commission balance allocation planning,air jordan. Petroleum and Natural Gas Corporation production of crude oil in oil use and reasonable loss, and other items of expenditure of national planning issued by the outside, all the arrangements to Sinopec Group each refinery processing, it is because of major changes in national oil circulation system, so that our country is still at the initial stage of development of the oil futures in 1994 April temporarily painting a full stop,jordan pas cher.