JLC officially launched China methanol paper goods trading service
June 26, 2018
Shandong (JLC), June 26, 2018–In order to enrich China methanol paper goods trading market and meet trading needs of all China methanol enterprises, JLC launched China methanol paper goods trading service, providing comprehensive and professional integrated transaction service solutions around methanol paper goods and filling the blank of China methanol paper goods market.
The subject is imported methanol, whose application scope is almost the same as that of China-origin methanol. However, market corner often takes place due to limited imported methanol supply. JLC’s China methanol paper goods trading service will increase market trading subject effectively and ease the short-term abnormal fluctuations caused by tight supply.
Boosting the activity of China methanol market
China-origin methanol paper goods trading service introduces deposit mode and presale mode, establishing 1-3-month presale period, which effectively compensated for the transaction demand of the entities in the blank period of futures non-most-traded contracts.
Promoting the establishment and improvement of China methanol pricing system
JLC established a valuation system based on the characteristics of China bulk product market. JLC has introduced imported methanol valuation service based on transactions, which aroused widespread concern in the industry and was actually applied to trade pricing. The launch of China methanol paper goods trading service will promote the establishment and improvement of JLC’s methanol valuation system and trading products, and establish the “price anchor” for the following methanol trading products.
The 4 settings of China-origin methanol paper goods trading service rules: quality standards, delivery locations, trading modes, and performance services.
Considering the demand of downstream users in East China and upstream China-origin methanol’s particularity of stocking and transportation, high-end quality standards subject, National Standard Excellent Products (ethanol content 100), was specially set up after the detailed communication with most of the market insiders. At the same time, considering upstream capacity and downstream MTO enterprises’ quality standards, a special subject, National Standard Excellent Products (without ethanol content), is added.
For delivery locations, considering China-origin methanol storage features and logistics routes, Yanghong and Sinopec’s warehouses in Taicang became the first choice, where imported paper goods were centralized. Meanwhile, Changzhou, Jiangyin, Nantong, Zhenjiang and other regions were also chosen as important inland goods transit stations and distribution sites. The Bohai rim region in North China (Jingtang port and Tianjin port) was also chosen as the first delivery area. In order to perfect the transaction support mechanism, services in the Yangtze River Basin, South China and other regions will also be set up in the near future according to the market demand.
Considering the existing habits of paper goods market and the breadth of market participation, JLC set up the “offline matching+online trading platform” mode, which can meet the needs of humanized flexible services and online efficient transactions. Domestic paper goods and imported paper goods are served together to meet diversified trading needs.
JLC will launch trading performance services to ensure the funds safety and performance guarantees of both parties, and prevent default risk.