Shanghai International Energy Exchange Approves Doubling of Zhoushan Crude Oil Delivery Warehouse Capacity to 700,000 Cubic Meters

The Shanghai International Energy Exchange (a subsidiary of the Shanghai Futures Exchange responsible for specific commodity futures trading in China) issued an announcement approving the application by Sinochem Xingzhong Petroleum Transshipment (Zhoushan) Co., Ltd. to increase the active storage capacity of its crude oil futures delivery warehouse located on Aoshan Island, Lincheng, Dinghai District, Zhoushan City, Zhejiang Province.

According to the announcement, the active capacity of this delivery warehouse has been increased from 350,000 cubic meters to 700,000 cubic meters, effectively doubling it. This move directly enhances the physical storage capability at this specific delivery node, helping to alleviate potential local delivery pressures caused by inventory tightness. For institutions participating in INE crude oil futures trading, the expansion of delivery warehouse capacity is a key infrastructure indicator for assessing contract liquidity and delivery feasibility.