Baotou Rare Earth Exchange imminent physical trading

Reporter October 23 from Baotou Rare Earth High-tech Zone was informed , after intense and meticulous preparation, Baotou Rare Earth Products Exchange has completed the venue decoration engineering , installation internal testing trading systems , as well as the whole system simulation run . Currently, the Exchange a staff recruitment is also ready and start simulation platform operating personnel training business . Exchange recently launched a marketing job , and invited to attend the relevant rare earth enterprises simulated trading contest, thus , much concern to the industry of the world 's first rare earth exchange will also be implemented by the end of October futures trading began trial operation .

According to reports, the Baotou Rare Earth Products Exchange trading patterns of "E Spot " ( e-mall ) , auction and current spot three kinds , the first two trading patterns of rare earth product range is not limited only to the current spot in the initial would apply to twelve kinds of rare earth products . In the running for some time , Baotou Rare Earth Products Exchange also plans to introduce rare earth products price index , but the index is based on price or to inquiry -based estimates, has not been determined . According to regulations, the Baotou Rare Earth Rare Earth Products Exchange Limited will carry out spot trading in commodities does not carry forward transactions , forward transactions in the commodities market management , warehouse transactions .

It is understood by the Baotou Rare Earth Products Exchange Baotou Steel Rare Earth ( Group ) Hi-Tech Co. , the state material reserves regulating center 12 jointly funded the establishment of enterprises and institutions , exchanges registered capital of 120 million yuan , participating companies, including North and South Rare the backbone of producing rare earth enterprises , shareholders with same rights , in order to ensure the fairness of the trading platform .

Baotou Rare Earth Rare Earth Industry Exchange aims to create an electronic trading platform fundamental break from the long form of price competition chaos rare earth enterprises , laying Baotou rare earth industry in the country and world dominance . After running can increase the transparency of market transactions of rare earth , rare earth products to help improve our price formation mechanism .


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