South China exchange sees first trade for HSFO

摘要

Singapore-The South China Petrochemicals Exchange officially opened last week with the completion of its first deal, a source close to the new trading platform said November 24. The exchange, based in Nansha in southern China's Guangzhou province, is an electronic trading platform for physical 180 CST high sulfur fuel oil, said a source at Singapore-based trading company Titan Petrochemical. Titan holds a 70% stake in the exchange, with the remaining 30% in the hands of state-owned Nansha State Asset Management Company.