The first industrial salt electronic trading market opened

June 13, 2018

Recently, China's industrial salt electronic trading market opened in Weifang, Shandong, China's salt production base. This move means that the traditional and scattered industrial salt trade market realizes one-on-one transactions, providing more convenient for China's industrial salt and two alkali business transactions. , safe and efficient purchase and sales circulation platform.

The production and management of industrial salt has always been planned and managed. With the development of the market economy, since 1995, China has liberalized the operation of industrial salt, and the two alkali industries have met with production and sales. However, the scattered organizational forms of salt production enterprises in China have formed asymmetrical information on production and prices in the industrial salt trading market. There are many market failures, such as many intermediate trading links, large price fluctuations, and excessive competition. The industrial salt market needs a supply and demand. Directly meet the platform.

The establishment of China's industrial salt electronic trading market will create a one-to-one trading platform for supply and demand sides. It will not only increase transaction rates, reduce transaction costs, but also provide effective and effective supervision of trading activities, and effectively avoid triangular debt through mechanisms such as margins. And other transaction drawbacks.

According to industry insiders, the electronic trading market for industrial salt will also help control the flow of industrial salt and prevent industrial salt from stimulating the market.

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