What Is a Block Order?

Commodity trading, specifically refers to the bulk commodity wholesale market specialized in electronic trading transaction hedging, also known as the spot market. For example, China Peanut Business Network was approved by the government function department at or above the municipal level and established by the Ministry of Commerce and other relevant departments Functional departments perform supervision and management. It will reduce operating costs and help companies to establish closer cooperative relationships with customers, suppliers and partners. It can increase customer revenue while building loyalty, and reduce costs by improving order processing efficiency.

Commodity trading

Commodity trading, especially specialized in electronic trading

On May 30, 2013, international commodities fell. Although the US consumer confidence index was favorable on the previous trading day and real estate data verified the momentum of the US economic recovery, the slowdown in global economic growth will undoubtedly pour cold water on the market's just-rising confidence. Affected by this, the European and American stock markets turned red across the board (the international market rose green and red), among which the European stock index plummeted, and international crude oil fell sharply. The dollar index fell and gold prices rebounded. Nonferrous metals in London rose, and individual products weakened; the bulk of American commodities fell.

Promoting the development and opening up of the Tianjin Binhai New Area is a major strategic deployment made by the Party Central Committee and the State Council from the overall perspective of China's economic and social development. The Opinions of the State Council on Promoting the Development and Opening of Tianjin Binhai New Area (Guo Fa [2006] No. 20) clearly clarified the significance, guiding ideology, functional positioning and main tasks of promoting the development and opening of Tianjin Binhai New Area, and approved Tianjin Binhai New Area as a national Comprehensive supporting reform pilot area. In the "Overall Comprehensive Reform Reform Plan of Tianjin Binhai New Area" approved by the State Council, Tianjin was explicitly required to "accelerate the construction of a modern market system. Give full play to the role of the North as an open door to the outside world, and accelerate the petrochemical, The construction of large commodity trading markets such as coal, steel, cotton, and grain, and the exploration of commodity forward contract trading business. "To implement the implementation of the Party Central Committee, the State Council

The three-party funds escrow is safe and reliable, and the bank transfer is fast and convenient.

Trading time: 9.00-11.30, 13.30-16.00 in the afternoon, and 19.00-3.00 in the evening.

Trading method: Two-way T + 0 trading, which can be long or short. Funds can be used repeatedly in the same day's trading. Funds to enter the market: 20% margin trading method,

Bohai Commodity Exchange provides account opening guidance, education and training services to dealers participating in Bohai Commodity Exchange transactions through 200 comprehensive members (authorized service agencies), 1,000 member business outlets and more than 30,000 market service personnel across the country. Traders complete commodity trading services such as account opening, transaction settlement, risk control, and physical settlement in exchanges and settlement banks. The business outlets of the Exchange are located in cities with county-level economic development and above.

Bohai Commodity Exchange has strategic cooperation with major commercial banks nationwide. More than 100,000 outlets of 12 banks provide fund settlement services for Bohai Commodity Exchange dealers; Bohai Commodity Exchange and banks jointly developed a globally unique transaction deposit The custody and transfer system truly realizes the seamless connection between the dealer's own bank account and the exchange margin clearing account, which not only guarantees the safe deposit and custody of the dealer's transaction margin, but also facilitates the convenient real-time entry and exit of the transaction margin. .

Around the listed trading varieties, it will build more than 200 delivery warehouse networks spreading over various raw material production, sales and distribution centers to provide efficient and secure physical delivery services; Bohai Commodity Exchange will set up East China Service Centers in South China, South China, West China, North China, In order to enhance the function of international trade, the Bohai Commodity Exchange has established international logistics management centers in North America, South America, Europe, Africa, and Oceania.

Xinhua News Agency, China Central Television, People's Network, China People's Broadcasting Station, China Business News, Ningxia Satellite TV, Hexun.com, Dongfang Fortune.com and other media collect and daily release the spot commodity prices of the Bohai Commodity Exchange. Bloomberg, Xinhua 08, Wonder, E-Commerce and other internationally renowned information institutions have opened Boshang channels to provide the market with rich real-time information. Big Wisdom, Compass, Game Master, Fuyuan and other largest domestic market data operating agencies release real-time spot commodity prices on the Bohai Commodity Exchange.

According to the Tianjin People's Government's positioning and requirements for the Bohai Commodity Exchange, the Bohai Commodity Exchange and Bohai Commodity Exchange East China Service Center will specialize in petroleum and chemical commodities, metal commodities, coal and other energy commodities, agricultural and forestry commodities, etc. Interest needs and market needs, and constantly launch standard spot trading products that are in line with national strategic interests and meet domestic and international market demands.

(1) Entering the market is simple and convenient: strategic cooperation with major commercial banks across the country, covering bank branches throughout the country, facilitates account opening and trading behavior of traders (ICBC, Agricultural Bank, Bank of Communications, Construction Bank, SPDB, China Merchants Bank, CITIC Bank, Industrial Bank, Minsheng Bank);

(2) Fund custody security: guarantee the security of transaction funds through third-party custody;

(3) Convenient fund transfer: The transaction deposit custodian and transfer system jointly developed by the exchange and the bank realizes the convenient real-time entry and exit of transaction deposits.

A total of more than 200 comprehensive members (authorized service organizations) and professional members (professional authorized service organizations) in different industries across the country provide account opening guidance and education and training for dealers and qualified investors participating in the Bohai Commodity Exchange. Services to assist traders in completing commodity trading services such as account opening, transaction settlement, and goods delivery on exchanges and settlement banks.

Case: The spot price of coke on the exchange started to fall after it soared all the way. Miss Liu expected that the price of coke would go down, so she sold 50 lots on the exchange with a spot price of 1800 yuan / ton, and the subsequent coke price continued to fall all the way. 10 settlements When coke dropped to 1350 yuan / ton in the future, Miss Liu decisively threw a profit and settled. At the same time, Miss Liu held the position, declare the buyer is larger than the seller. (Because the daily settlement price is difficult to determine, this question does not need to calculate the delayed delivery compensation) Then Miss Liu's profit is as follows:

Occupation margin: 1800 * 50 * 20% = 18000 yuan

Total profit: 1800-1350 = 450 yuan / lot * 50 lot = 22500 yuan

Handling fee: Opening position: 1800 * 0.0024 = 4.32 yuan * 50 lots = 216 yuan

Liquidation: 1350 * 0.0024 = 3.24 yuan * 50 lots = 162 yuan

Net profit: 22500-216-162 = 22122 yuan

Compensation for deferred delivery: (buyer's declaration amount-seller's declaration amount) * average daily price / short-seller electronic contract holding order amount * number of lots * 0.05%

A. Judging the profit of falling (rising) commodity prices

B. Locking expected profits through hedging operations

The fluctuation of commodity prices will bring operational uncertainty to the supply side or demand side of the commodity and affect the operating profit of spot production enterprises or traders. Traders of the Bohai Commodity Exchange can avoid operating uncertainty caused by fluctuations in commodity prices and obtain normal commercial profits through hedging operations on the Bohai Commodity Exchange.

(1) The prices of commodities sold under hedging operations are in a downward trend, and the suppliers of commodities are suffering from the decline in product sales prices. There will often be an upside-down phenomenon of contracted procurement of raw materials and future market sales prices, which will bring operating losses. At this time, the enterprise can carry out selling hedging operations on the Bohai Commodity Exchange. For example, after a commodity trader signs a contract to import raw materials from abroad, he sells the electronic contract of the product on the Bohai Commodity Exchange to lock the sales price of the product. When the price of the commodity falls, the product is sold to other demanders, and the sales price is still Fixed at the original level and get the expected profit.

(2) The price of purchased hedging products is on the rise, and processing companies are suffering from the rise in raw material prices. There is often an upside-down phenomenon in the sales price of finished products that has been signed and the purchase price of raw materials in the future, resulting in operating losses. At this time, the enterprise can carry out a buying hedging operation on the Bohai Commodity Exchange. For example, after a manufacturing company signs a sales contract, it purchases electronic contracts on the Bohai Commodity Exchange to lock in the cost of raw materials. When commodity prices increase in the future, it applies for physical delivery on the Bohai Commodity Exchange, or it can be set by transferring electronic contracts. Value-preserving operations, purchasing spot from other spot dealers, the procurement cost is still fixed at the original level, and the expected profit is obtained.

C. Arbitrage for stable profits

Commodities will maintain a reasonable spread between different varieties and different markets (considering freight, insurance, storage fees, interest on funds, risk conditions, liquidity, etc.). When the price of commodities deviates from normal levels, traders can buy and sell low. High, in the case of lock-in risks, to obtain stable profits.

(1) Transnational domestic market arbitrage The same commodity is listed in different domestic markets. Generally, the prices of commodities in different markets are basically the same or there is a reasonable spread. When the price difference of the same commodity in different markets deviates from normal levels, the transaction A merchant can buy and sell separately in the two markets at the same time. After a period of time, when the spread narrows, the dealer performs reverse operations of selling and buying in the two markets to achieve the purpose of arbitrage.

(2) Cross-international market arbitrage: Due to distortions in exchange rates, time differences, and short-term supply-demand relationships of spot goods in different markets, when the price difference of the same commodity in different international markets deviates from normal levels.

(3) Cross-varietal arbitrage: Due to similar or replaceable uses, some commodities are relatively related, and their price trends are related to each other. The market price of each other should maintain a reasonable spread. When the price difference between the two related products on the Bohai Commodity Exchange deviates from the normal level, the dealer can buy and sell the two products at the same time in the exchange market. After a period of time, when the price difference narrows, the transaction The merchant then carried out the reverse operation of selling and buying, respectively, for the purpose of arbitrage.

D. Profit through physical delivery declaration

Traders can flexibly use the daily physical delivery declaration system of the Bohai Commodity Exchange to obtain reasonable delay compensation

(1) Commodity manufacturing enterprises obtain reasonable delay compensation fees through physical delivery declaration. Commodity manufacturing enterprises can apply for physical delivery declaration, and when the sales order quantity cannot be fully fulfilled, they can obtain extension compensation fees.

(2) Commodity-requiring companies obtain reasonable delay compensation fees through physical delivery declarations. Commodity-requiring companies that apply for physical delivery declarations can obtain deferred compensation fees when their purchase orders cannot be fully fulfilled.

1. Customers need to provide information:

(1) Copy of ID: It must be a valid second-generation 18-digit ID, and the copy must be clear front and back.

(2) Copy of bank card: A valid current bank card. Periodically ^[2] , passbooks, and credit cards cannot be used. The copies are clear and positive.