Nationally recognized spot trading platform

China’s nationally recognized spot trading platforms mainly include bulk commodities, agricultural products, steel, precious metals and other fields, with a total of 13 platforms. These platforms are subject to government supervision, have open and transparent transaction information, adopt standardized contracts, and provide supporting services, which are conducive to stabilizing market prices.

Nationally recognized spot trading platform

The spot trading platform is a market for buying and selling spot commodities (i.e. commodities that can be delivered immediately). In our country, the nationally recognized spot trading platforms mainly include the following categories:

1. Bulk commodity spot trading platform

• China Petrochemical Trading Center (ICIS)
• Dalian Commodity Exchange (DCE)
• Shanghai Futures Exchange (SHFE)

2. Agricultural products spot trading platform

• China Agricultural Products Circulation Association
• National Agricultural Products Futures Trading Center
• China Grain and Oil Trading Center

3. Steel spot trading platform

• Shanghai Steel Union
• China Steel Spot Trading Center
• Zhongyuan Steel Spot Trading Center

4. Precious Metals Spot Trading Platform

• Shanghai Gold Exchange (SGE)
• Beijing Gold Exchange (BGE)

Nationally recognized spot trading platforms have the following advantages:

• Strict supervision: These platforms are supervised and supervised by government departments to ensure the fairness and justice of transactions and the safety of transaction funds.
• Transaction information is open and transparent: The platform provides real-time transaction information to help buyers and sellers make informed decisions.
• Standardized contracts: The trading platform uses standardized contracts, reducing uncertainty and risks in transactions.
• Complete supporting services: The platform usually provides warehousing, logistics, clearing and other supporting services to facilitate transaction participants.
• Promote market stability: Through centralized trading, the spot trading platform helps stabilize market prices and reduce market volatility.

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