On July 28, 2020, the Shandong Ports 2020 Global Oil Trade Conference was held in Qingdao World Expo City International Conference Center, hosted by Qingdao Municipal People's Government, Shandong Ports Group Co. This is the first anniversary of the formation of Shandong ports, in-depth implementation of   General Secretary Xi Jinping "accelerate the construction of world-class marine ports" important instructions and the spirit of the entrepreneurial forum speech, the implementation of the provincial government deployment requirements, play a leading role of state-owned enterprises, to take practical action to help It is a powerful initiative to "promote the new development pattern of domestic and international circulation with the domestic circulation as the main body". Shandong port will take this opportunity to give full play to the role of "one belt and one road" important strategic pivot point, accelerate the implementation of the SCO demonstration zone, Shandong Free Trade Zone policy, promote the transformation and upgrading of Shandong's petrochemical industry and the province's new and old dynamic energy conversion, high-quality development, to help ensure national energy security.   The "Shandong Port Commercial Crude Oil Inventory Index" and "Shandong Port Bonded Low Sulfur Bunker Oil Valuation" were released at the main forum, which is a powerful initiative of Shandong Port, in cooperation with Golden Union Technology Co. This is a powerful initiative to guide the market and enhance the influence of the industry by relying on the authoritative guidance of the national and Shandong Provincial Price Monitoring Center and studying the advantages of policy overlap and the opportunities of the IMO2020 international new policy.
The "Shandong Port Commercial Crude Oil Inventory Index" is a statistical analysis of Shandong port commercial crude oil inventories to accurately reflect the port inventory situation and dynamic changes, providing strong support for crude oil upstream, midstream and downstream enterprises to better grasp the trend of port inventory and guide production and operation. The "Shandong Port Bonded Low Sulfur Bunker Oil Valuation", through statistical analysis of the bunker oil market data, forms the valuation of bonded low sulfur bunker oil in Shandong ports, leads the market guidance, promotes the vigorous development of the bunker oil market in Shandong ports, and helps Shandong ports build the largest bunker oil base in northern China.