PetroChina’s Daqing oilfield in China’s northeastern Heilongjiang province. China is set to launch trading of its oil futures contract next month. Photo: Reuters

Launch of yuan crude contract no guarantee that it will give China pricing control over commodity

Analysts say that while the contract will be warmly received by traders, it will take a long time before it can establish itself as a regional benchmark

Topic |   Commodities

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PetroChina’s Daqing oilfield in China’s northeastern Heilongjiang province. China is set to launch trading of its oil futures contract next month. Photo: Reuters
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