Petro Yuan is now trading around 600-700 million barrels per day

[ChineseTiger1986]

China is keeping everything in secret under the ground.

Shanghai crude oil is now trending toward 600,000 - 700,000 contracts per day, since 1 contract = 1000 barrels.

Soon it is heading toward 1 million contracts per day which is closing to the benchmark of the WTI in its prime. And right now the WTI is losing half of its contracts due the Petro Yuan is now eating Petro Dollar's lunch.

http://www.ine.cn/

 

[Yaseen1]

dollar end is near

 

[ChineseTiger1986]

dollar end is near

Yep, many financial analysts are predicting there will be a dollar crisis by 2019-2020.

Not good when you are losing half of your trade volume in just 8 months.

The Petro Yuan is getting that push in a perfect storm.

 

[Viet]

Yep, many financial analysts are predicting there will be a dollar crisis by 2019-2020.

Not good when you are losing half of your trade volume in just 8 months.

The Petro Yuan is getting that push in a perfect storm.

How much barrels in oil China needs per day?

If you answer that question then you realize that are all speculative tradings. Have you ever seen how much trades on milk, soybeans, oil and other commodities are traded every day on Chicago, New York and London stock exchanges? All speculations. Virtual tradings. Nothing with real commodities moving from sellers to buyers.

As for Yuan, China should open the money market then we can talk about ending Dollar dominance.

Ah welcome back Tiger!

 

[ChineseTiger1986]

How much barrels in oil China needs per day?

If you answer that question then you realize that are all speculative tradings. Have you ever seen how much trades on milk, soybeans, oil and other commodities are traded every day on Chicago, New York and London stock exchanges? All speculations. Virtual tradings. Nothing with real commodities moving from sellers to buyers.

As for Yuan, China should open the money market then we can talk about ending Dollar dominance.

Ah welcome back Tiger!

It is not about how China should completely open Yuan.

It is about how China has fully weaponized the Petro Yuan to sabotage the dollar’s status as the reserved currency.

The war has already outbreak between US-China. If won’t be stopped after one has replaced another.

 

[Path-Finder]

dollar end is near

InShaAllah

 

[Viet]

It is not about how China should completely open Yuan.

It is about how China has fully weaponized the Petro Yuan to sabotage the dollar’s status as the reserved currency.

The war has already outbreak between US-China. If won’t be stopped after one has replaced another.

How do you want to dominate the world by copying the US derivatives capital market model but restricting access to it ? Can I or any foreigner buy anything on China oil trading exchange? Can I open a Yuan account in China?

In case you don’t know:Opening a USD account and buying oil contracts on Chicago stock exchange are just some mouse clicks away.

 

[ChineseTiger1986]

How do you want to dominate the world by copying the US derivatives capital market model but restricting access to it ? Can I or any foreigner buy anything on China oil trading exchange? Can I open a Yuan account in China?

You are destined to live next to a China that is getting stronger than ever, just deal with the reality. Your sugar daddy is simply no match against that awakening giant.

 

[Viet]

You are destined to live next to a China that is getting stronger than ever, just deal with the reality. Your sugar daddy is simply no match against that awakening giant.

You are off topic Tiger

 

[ChineseTiger1986]

You are off topic Tiger

Let’s see if you can purchase any crude oil in the international market with the Vietnamese Dong, lmao.

 

[艹艹艹]

How do you want to dominate the world by copying the US derivatives capital market model but restricting access to it ? Can I or any foreigner buy anything on China oil trading exchange? Can I open a Yuan account in China?

In case you don’t know:Opening a USD account and buying oil contracts on Chicago stock exchange are just some mouse clicks away.

Vietnamese, you need to learn more knowledge
In addition, China does not use dollars to buy oil and gas from Russia

 

[Viet]

Let’s see if you can purchase any crude oil in the international market with the Vietnamese Dong, lmao.

Vietnam currency VND is more stable than the Yuan. Check the charts Tiger, USD/Yuan and USD/VND. Either way, it’s you who wants to replace Dollar and dominates the world. Forgotten?

 

[ChineseTiger1986]

Vietnamese, you need to learn more knowledge
In addition, China does not use dollars to buy oil and gas from Russia

He usually started to talk gibberish when he felt insecure, especially when he saw his sugar daddy can’t hold any longer.

Vietnam currency VND is more stable than the Yuan. Check the charts Tiger, USD/Yuan and USD/VND. Either way, it’s you who wants to replace Dollar and dominates the world.

VND worths no more than toilet paper, your own compatriots prefer CNY over VND.

 

[Viet]

Vietnamese, you need to learn more knowledge
In addition, China does not use dollars to buy oil and gas from Russia

China/Russia total trades are lower than Germany/Netherlands. On the world map, paying Yuan for Russia oil it’s almost irrelevant.

 

[艹艹艹]

Vietnam currency VND is more stable than the Yuan. Check the charts Tiger, USD/Yuan and USD/VND. Either way, it’s you who wants to replace Dollar and dominates the world.

VND did not enter SDR

China/Russia trades are lower than Germany/Netherlands. On the world map, paying Yuan for Russia oil it’s almost irrelevant.