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010002002
International Transactions Platform of ZJG Chemicals E-market put into trial operation

【信息发布时间:2010-01-05  阅读次数: 我要打印】 【关闭

International Transactions Platform of Zhangjigang Chemicals E-market officially put into trial operation on Dec.28, 2009. It is the first international transactions platform for chemicals in China which takes "denominated in US dollars, net trade, bonded delivery and purchasing and settlement of foreign exchanges by agents, etc."

Zhangjiagang is Asia''s largest distribution center for liquid chemicals with its trade volume in spot market reached 20 billion yuan. Its spot prices have become "barometer" for China''s chemical market price. As one of the most infuential chemical commodity trading markets in China, the members of Zhangjiagang Chemicals E-market are covering the whole country''s major chemical production and marketing areas.Since its establishment, relying on FTZ''s advantages Zhangjiagang Chemicals E-market has made great development and become an integral part of liquid chemical industry. 

With International Transactions Platform, chemical enterprises from home and abroad can conduct direct dialogues and equal trades to manage risks in interantional trade. 

In ceremony, according to the head of Zhangjiagang Chemicals E-market, the market will be built into an equal international transaction platform in combination of long-term trading and spot trading, US dollor-denominated trading and spot trading with Chinese currency, which will provide comprehensive services like clearing, settlement, financial support, logistics and risk control, etc., and become an influential chemical commodity prices realse center in China.

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