Zhangjiagang Huadong Chemical Electronic Trading Market Co., Ltd. disclosed that the Zhangjiagang Chemical Electronic Trading Market International Trading Platform will be put into trial operation on December 28. This will be China's first international trading platform for chemical products that provides services such as “US dollar pricing, net price trading, bonded delivery, and purchase of foreign exchange through agencyâ€.
It is understood that the international trading platform to be put into operation will be denominated and settled in U.S. dollars. The transaction mode is the combination of the spot spot and the mid- and long-term spot; the early stage of the transaction is mainly based on liquid chemicals such as methanol, and domestic customers can directly participate.
In recent years, China has become the world's largest producer and consumer of industrial chemical raw materials, of which methanol production and consumption account for more than 30% of the world, but the operating mechanism, innovation capabilities, etc. of China's chemical trading market, and international advanced transactions Compared with the service platform, there is still a large gap and it has not played its due role in the formation of international prices.
After the trading platform is put into operation, it will actively play the role of price discovery in mid-to-long-term transactions and provide comprehensive support services such as information, transaction, delivery and logistics, thus forming a price widely recognized in the international chemical industry to guide global chemical companies and trade. Business production activities.
It is understood that the international trading platform to be put into operation will be denominated and settled in U.S. dollars. The transaction mode is the combination of the spot spot and the mid- and long-term spot; the early stage of the transaction is mainly based on liquid chemicals such as methanol, and domestic customers can directly participate.
In recent years, China has become the world's largest producer and consumer of industrial chemical raw materials, of which methanol production and consumption account for more than 30% of the world, but the operating mechanism, innovation capabilities, etc. of China's chemical trading market, and international advanced transactions Compared with the service platform, there is still a large gap and it has not played its due role in the formation of international prices.
After the trading platform is put into operation, it will actively play the role of price discovery in mid-to-long-term transactions and provide comprehensive support services such as information, transaction, delivery and logistics, thus forming a price widely recognized in the international chemical industry to guide global chemical companies and trade. Business production activities.
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