commodity trading is “new”, shandong port’s platform makes iron ore trading more efficient and convenient
2024-09-27
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on september 27, shandong port futures linkage and iron ore basis trading seminar was held in qingdao free trade area. at the meeting, shandong port iron ore basis trading was successfully launched. shandong port developed bulk commodity trading and exploratory period. now the linkage ecological construction is bearing fruit again.
the report of the 20th national congress of the communist party of china emphasized "building a unified national market, promoting market-oriented reform of factors, and building a high-standard market system." shandong is a province with major commodity basic industries, with outstanding industrial endowments and significant location advantages. it has the best policy environment, industrial foundation and infrastructure for the development of the current linkage market. shandong port investment and control group focuses on bulk commodity spot and futures trading platforms, creating a platform service model that combines futures and cash. relying on the advantages of shandong port terminal logistics infrastructure and futures delivery warehouses, it provides customers with bulk commodity spot trading, futures trading, and futures swaps. trading, futures standard warehouse receipts and electronic warehouse receipt management and other services, we strive to build a digital financial ecosystem for commodities and continuously improve our ability to serve the real economy.
shandong dashang center is an important new platform economic business form under shandong port investment and control group. since its operation in 2014, it has deeply cultivated the spot market and served the real economy. focusing on metal minerals, energy and chemicals, agricultural products and other industrial sectors, it has been approved for iron ore. , steel, rubber, asphalt, sulfur and other 12 major categories of trading qualifications, forming a three-dimensional service system for "settlement purposes" such as swap trading, agreement trading, bidding trading, basis difference trading, etc., in innovation remarkable results have been achieved in the trading model between spot and futures, optimizing the financing model of upstream and downstream enterprises in the port, and building a supply chain financial service system.
this innovative creation of an iron ore basis trading model further enriches the iron ore trading service functions of shandong dashang center. through the online basis spread trading model, we gather iron ore industry customers, reduce communication costs, and improve transaction efficiency; provide flexible and convenient trading services, and basis contracts can be transferred independently; provide diversified settlement and settlement services to satisfy customers physical delivery, agreement settlement and other needs; closely follow the changes in commodity prices and provide customers with margin risk management services. in addition, shandong dashang center can provide special trading services to high-quality customers in the industry. special customers can independently set up personalized basis contracts for trading and circulation based on their own resource conditions and trading needs, further enriching the company's personalized spot demand solutions.
shandong dashang center will always adhere to the characteristic development path of assisting entities with finance and nurturing the digital economy with platforms, and accelerate the construction of a nationally influential commodity trading and pricing center, resource allocation center, and futures-current linkage center to ensure the industrial chain supply chain. contribute to security and stability.
(popular news reporter fan wei changqing)
