Recently, the Murban crude oil stored at ZhenHua Oil's Qingdao Dongjiakou Tank Farm completed a spot registration within the warehouse receipt system of the Shanghai International Energy Exchange and subsequently generated a relevant warehouse receipt. This marks the completion of Qingdao Storage Company's first spot registration business and first futures’ delivery business.

To ensure smooth operations, Qingdao Storage Company immediately formed a dedicated task force upon receiving the pre-notification about the warehouse receipt . They organized working personnels to coordinate vessel-related procedures and expedited preparatory work. During the preparation process, they also received strong support from departments including the Shanghai International Energy Exchange, Customs, Maritime Affairs, Immigration Inspection, and other relevant parties, ensuring a smooth execution of tank injection, spot registration, and warehouse receipt generation.

This successful practice of spot registration and futures business effectively reinforces Qingdao Storage Company's integration of spot and futures operations, provides customers with a dual-driven service featuring "spot + futures", and diversified options, injecting new vitality in enhancing the company's trading service capabilities and innovative business development.