Spot trading in China international timber trading market

CITEX provides trading modes such as spot listing, bidding, auction, and medium and long-term order trading, and members can choose to participate.

1. Spot listing transaction refers to the transaction mode in which trading members publish the information of spot sales or purchases through CITEX trading system after holding the spot or paying the deposit, and other members choose to buy or sell, and the selector inputs the buying or selling instructions that meet the listing conditions, that is, the transaction mode. Buyers and sellers in this transaction mode can negotiate online.

2. Bidding transaction refers to the process that the buyer (bidding applicant) submits the information of pre-purchased goods to the market, and after passing the market review, the market sorts out the bidding documents, issues the bidding announcement, contacts the bidders, and assists in organizing the bid opening, bid evaluation and bid winning, and finally both parties complete the signing and performance of the contract.

3. Auction transaction refers to the transaction mode in which the seller members apply to the market, submit the detailed information of the goods to be sold to the market, determine the specific time of auction transaction, make an announcement through the market, and the buyer raises the price independently. After no one continues to raise the price within the agreed auction trading time, the auction transaction ends, and the transaction is completed at the highest purchase price. The two parties sign a purchase and sale contract through the market and make physical delivery.

4. Medium-and long-term order transaction refers to the matching transaction mode in which the buyer and the seller make their own bids and the computer system automatically matches the transaction according to the principle of price priority and time priority. The longest delivery time for this transaction is 6 months. 1. Designated delivery warehouse: all CITEX goods are delivered in the designated delivery warehouse. The delivery system of designated delivery warehouse ensures the actual delivery of goods and is conducive to ensuring the quality of delivered goods. CITEX will set up designated delivery warehouses in production and sales locations or distribution centers according to business needs.

CITEX allows buyers and sellers to agree or advance delivery, and the place of agreement or advance delivery can be decided by both parties.

2. Logistics service: With the designated delivery warehouse as the core, we will provide members with the most optimized and preferential door-to-door logistics service in conjunction with large-scale logistics warehousing enterprises such as COSCO, China Storage and Sinotrans.

3. Quality inspection service system: We have made clear the cooperation intention with AQSIQ and signed a quality inspection cooperation agreement with SGS Tongbiao Standard Technical Service Co., Ltd. ... CITEX information platform has become the most important portal website of China wood industry, providing comprehensive services such as supply and demand information release, price trend, market analysis, online store, industry focus news, warehousing and logistics information, import and export information, etc. Its characteristic is to provide members with policy interpretation, economic data analysis and special procurement information. This information has been verified by CITEX Information Certification Center. Because it is accurate and effective, the professional service team provides offline matching transactions, which are welcomed by a large number of wood suppliers and buyers.