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Zhejiang Plastics City Online Market

2006-08-28
Zhejiang Plastics City Online Market has swiftly got recognized by plastics expertise with its distinctive advantages compared with the traditional spot transaction since it was open in November 1st, 2004. By now, hundreds of enterprises of production, circulation and processing have participated in this market with three major trading categories, which are ABS, LLDPE and PP and 12 kinds of warehouse warrant assortments. The warehouse warrant trade that is done through the online market at a specified future date is a kind of brand new transaction mode, something between spot transaction and future transaction. By applying the advanced modern EC technology and the developed function of the traditional wholesale market, the related enterprises can market and purchase the plastics in the online market and take delivery of goods in one of the nearest warehouses in the distributing centers all over the country so that the cost of physical distribution can be considerably cut down. The margin transaction adopted allows hire purchase of the buyer and the security of installment by the seller. The enterprises, according to its production need, can subscribe the forward contract in the online market, decide the cost an advance and thus convert the price risks. The short-term development target of the online market is to consolidate the top status of the trade within the country and the long-term target is to make it a price and distribution center of plastics in China and finally the price and distribution center of the whole world.

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