Shandong Guangfeng Rubber & Tire Exchange Starts Pilot Operation
Shandong Guangfeng Rubber & Tire Exchange started pilot operation lately.
The exchange trades natural rubber and compound rubber so far.
As of Sep. 9, a number of companies have participated in the trade and completed 8 transactions, or 533.4 tons.
The exchange located in Guangrao county, Shandong province, and is an e-commerce transaction platform integrating Internet, commodities and high-end financial derivatives transaction. Its establishment was approved by the Financial Office of Shandong Province.
The exchange will focus on building itself into an international rubber and tire trade platform, an industrial information platform, a price hedging platform, an bondedlogistics platform as well as a warehouse financing platform.
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