Core Viewpoint - The article highlights the emergence of "Zhoushan Price" as a significant pricing mechanism in China's shipping fuel market, which enhances market transparency and reduces reliance on international pricing [2][3][5]. Group 1: Introduction of Zhoushan Price - Zhoushan, located at the eastern edge of Hangzhou Bay, is a crucial shipping hub and the largest ship refueling port in China, with an annual refueling volume exceeding 7 million tons [2]. - The "Zhoushan Price" was established on June 21, 2021, based on the low-sulfur fuel oil futures price from the Shanghai Futures Exchange (SHFE), marking the first domestic pricing mechanism for ship fuel [2][3]. Group 2: Impact on Market Dynamics - The introduction of "Zhoushan Price" has improved market transparency and stability, enhancing operational efficiency for companies and expanding the application of fuel oil futures prices in the spot market [3][5]. - The participation of over 90% of companies in the Zhoushan ship fuel market in the low-sulfur seller pricing indicates the growing influence of "Zhoushan Price" [5]. Group 3: Integration of Futures and Spot Markets - Zhejiang Dazong, established in 2015, plays a pivotal role in promoting the integration of futures and spot markets in the Yangtze River Delta, facilitating the construction of a multi-layered trading market for bulk commodities [6][11]. - The collaboration between SHFE, Zhejiang Dazong, and industry players has led to the development of a comprehensive pricing index system and various trading models, enhancing the service to the real economy [11][12]. Group 4: Future Prospects - The ongoing development of "Zhoushan Price" aims to break international pricing barriers and elevate China's shipping fuel industry within the global value chain, indicating a commitment to continuous innovation and market collaboration [12].

Core Viewpoint - Zhejiang International Bulk Commodity Trading Center, known as "Zhejiang Dazong," has evolved into a leading local trading venue in China, focusing on national strategies and compliance while enhancing its role in the allocation of bulk commodity resources [1][2]. Group 1: Development and Collaboration - Established in May 2015, Zhejiang Dazong is a significant platform for the allocation of bulk commodity resources and a key promoter of the integrated oil and gas trading market in the Yangtze River Delta [1]. - Since August 2023, Zhejiang Dazong has deepened its collaboration with the London Stock Exchange Group (LSEG) in areas such as data, products, and conferences, with its price index products now available on the LSEG platform [1]. - The launch of a dedicated page on the LSEG Workspace financial terminal in January 2024 will provide global users with efficient access to key index product information, enhancing the international dissemination of Chinese oil and gas prices [1][2]. Group 2: Price Index Products - The "Zhoushan Price," officially known as "China Zhoushan Fuel Oil Bonded Ship Supply Quotation," is the first RMB quotation product in the domestic bonded ship fuel market based on the Shanghai Futures Exchange prices, becoming a global benchmark [2]. - The "LNG Price" reflects the actual supply and demand situation in Zhejiang Province's LNG market, while the "Storage Price" includes comprehensive storage prices and available commercial storage capacity in Zhoushan, aiding stakeholders in the energy and chemical storage market [2]. - Zhejiang Dazong is committed to continuously improving its price index system and enhancing international cooperation to strengthen its role in the allocation of bulk commodity resources [2]. Group 3: Price Index Codes - The following are the price index codes available for users to access on the LSEG Workspace terminal: - 0ZMELSFBA: China Zhoushan Low Sulfur Fuel Oil Bonded Ship Supply Quotation (Daily) - 0ZMEHSFBA: China Zhoushan High Sulfur Fuel Oil Bonded Ship Supply Quotation (Daily) - 0ZMELNGP: Zhejiang Region LNG Consumption Price (Daily) - 0ZMEWCPI: Zhoushan Oil Product Storage Comprehensive Price Index (Monthly) - 0ZMEWCPST: Zhoushan Storage Comprehensive Price (Short-term 1-3 months) (Monthly) - 0ZMEWCPLT: Zhoushan Storage Comprehensive Price (Long-term 6-12 months) (Monthly) - 0ZMEWCPSTG: Zhoushan Available Commercial Storage Capacity (Monthly) [4].