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HomeNewsChina's First Liquid Chemical Trading Network Opens Up Liquid Chemicals Exchange Ushers in E-Commerce Era

China's First Liquid Chemical Trading Network Opens Up Liquid Chemicals Exchange Ushers in E-Commerce Era

On November 8, China's liquid chemical trading network, which has received much attention from the industry, was formally operational in Zhenhai, Ningbo. The opening of this website indicates that China's liquid chemical transaction has ushered in the era of e-commerce.
After extensive and in-depth market research and multiple argumentations, China Liquid Chemicals Trading Network has designed a variety of transaction modes such as forward transactions, order transactions, and bills of lading transactions. The internet-based trading market is connected with the physical market, designated settlement banks supervise the settlement funds, and joint storage and transportation companies provide supporting logistics services so that the trading market can truly provide integrated services such as transaction, settlement, logistics, and information for companies in the industry. The participation of banks in the supervision of account funds in the bulk raw materials electronic trading market opened a precedent for China`s bulk commodity electronic trading market. At the same time, it learned lessons from the difficulties of real trading in the open online trading market, not simply relying on social credit and information communication. The open online liquid chemical market was changed to a closed one and a membership-based management model was adopted.
It is reported that China Liquid Chemical Trading Network is currently based in Ningbo, and joins chemical trading markets in Shanghai, Jiangsu and other places. It plans to gradually form a national liquid chemical price center, logistics center, and information center in one to two years; In five years, we will gradually unite with other regional markets across the country, and will be closely linked in all directions such as logistics, storage and transportation, quality inspection, and banking finance. We will establish a foothold in the field of cash flow, covering the entire country, a unified, industry-wide, and full-scale process. Online liquid chemical spot and forward market.
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