Commodity electronic commerce leads future e-commerce development

Commodity electronic transactions also known as online spot trading or spot warehouse transactions, is the use of Computer network organization of the same goods offsite, synchronous centralized bidding, unified matchmaking, unified settlement, price market real-time display of the transaction mode.

The commodity electronic transaction adopts the unique Business-to-business business transaction mode according to the specific situation of China's spot market. is a kind of online and network combination, the combination of reality and virtual, the traditional economy and the new economy combined with the double win transaction model, fully solve the source of information, customer source, online settlement, logistics and other e-commerce bottlenecks.

The present situation of the development of commodity electronic trading market

At present, the management norms and legal basis of this kind of market are mainly the regulations of commodity electronic transaction issued in July 2003 and the electronic signature law adopted by the Standing Committee of the People's Congress in August 2004. January 8, 2005, the State Council issued a "speed up the development of E-commerce," a number of views to promote the development of such markets also played a certain role.

This kind of trade market is still a new thing in our country, the development time is short, but the development speed is very fast. It is estimated that the country has more than 200, of which dozens of have a certain market size and volume, trading varieties covering agricultural and sideline products, bulk industrial raw materials, petrochemical products, more than 100 kinds. As a business-to-business mode of E-commerce transactions, the number of enterprises involved in the transaction has increased, and enterprises involved in the transaction has reached millions of.

By field investigation we found that the production of commodity trading market, generally based on a better spot market base. Or is located in the commodity production, or relying on the spot trade distributing center to produce and develop. For example, the Shanghai bulk Steel Trading Center relies on Shanghai, the largest steel consumption and distribution centre. Guangxi is the main production area of sucrose in China, the establishment of Nanning, Liuzhou and other areas of the sugar electronic trading market has a solid spot basis, and enhance the industrial concentration of Guangxi sugar and market competitiveness. "Yuyao Plastic City Online Trading market" and "Guangdong Plastics Exchange" to Yuyao, "China Plastic City" and the South China plastic processing base, its physical wholesale market more than 10 years in the next year spot turnover has ranked the forefront of the domestic. These markets have realized the market pattern that the commodity electronic transaction market and the spot wholesale market mutually promote the mutual development.

Since 2008, the global financial turmoil has caused the ups and downs of commodity prices, summed up the experience of the financial crisis, our enterprises and governments at all levels have generally raised the risk awareness, the use of futures and related derivative products for risk management is becoming a conscious behavior of many enterprises. Because of this, since 2009, in the futures market to accelerate the pace of the introduction of new varieties at the same time, all over the establishment of commodity electronic trading market. Beijing, Tianjin, Jiangsu, Zhejiang, Guangdong, Shandong, Shanxi, Hunan, Chongqing and other areas have been listed set up a commodity electronic trading market, the range of species has further expansion.

Comparison between electronic transaction and traditional transaction

Electronic transaction is different from the traditional transaction mode, its superiority is obvious. Not only can enterprises directly contact thousands of new users through the network and their transactions, fundamentally streamline the business sector, reduce operating costs, improve operational efficiency, increase corporate profits, but also at any time with the trade partners throughout the exchange and cooperation, enhance the joint between enterprises, improve product competitiveness. Compared with traditional trading mode, electronic transaction has the following characteristics:

Strict norms to ensure fair market. Strictly abide by the State administration of quality Supervision, inspection and quarantine formulated by the People's Republic of China National standard "commodity electronic trading Norms" (gb/t18769-2003) to carry out transactions, to ensure that the market openness, trade fairness, institutional justice, and better maintain the order of commodity circulation.

New Deal, streamline the circulation link. E-commerce is implemented through the Internet. Anywhere in the world, traders can directly participate in transactions through computer terminals, and all supply and demand information allows participants to choose the most suitable products, deal immediately and sign an electronic trading contract. Electronic transactions do not require wholesalers, stores and shopping malls, customers can directly from the manufacturer to order products

Buy and sell, save time for shopping. Customers in the computer terminals, can be timely attention to commodity price changes, when the decision to trade at the appropriate price, only need to use the trading software input price, quantity and other related information, you can complete the sale of merchandise transactions, simple and fast, the maximum realization of the commodity circulation. and electronic transactions through the network for a variety of consumer demand to provide a wide range of options, can enable customers to buy at home can be satisfied with the goods.

Information authority, enhance supply and demand communication. The market has established the professional authoritative website, provides the information center, the Trade Center, the warehousing center and so on the service, through the network understanding market dynamics, grasps the industry information in time, the demand side may quickly order the suitable product, the supply side can soon understand the market demand, avoids the production sale link waste. Through the network between enterprises can understand the competitor's product performance and price and sales of information, so as to promote enterprise transformation technology, improve product competitiveness.

The advantages of electronic trading

The application of modern E-commerce and information technology will not only upgrade the industrial level, active market economy, but also to participate in the enterprises including production suppliers, intermediary traders and demand side has brought great benefits.

The application of electronic information technology and network technology has reduced the intermediate trade link, improved the transaction efficiency and greatly reduced the transaction cost.

Standardized management of electronic trading platform, enhance the transparency of trade, effectively curb the black-box operation, while enhancing the contract performance rate, overcome the rebate, debts and other traditional transactions in the disadvantages

Standardized delivery of the warehouse to ensure the quality of the transaction products, effectively eliminate the shoddy and quality products such as the demotion of irregular behavior;

Supply and demand transport three parties through the Internet transactions, breaking the boundaries of the region and time and space, forming a unified national market, expanding the market capacity, expand the trade channels;

The participation of traders and transporters can make sales and transportation more targeted, reduce unnecessary logistics and save a lot of manpower and material resources;

Centralized trading provides both sides with the opportunity to gain profits through capital investment and enhance the profitability of the enterprise;

The price discovery and price formation mechanism of electronic transactions, as well as the information channel with international standards, will give the enterprises involved in the implementation of strategic planning and management, take the initiative, timely prevent the risk of sharp fluctuations in market prices, clever use of normal price fluctuations to earn profits;

Cosco Trading has created a mechanism of hedging for the enterprises concerned.

With the vigorous development of electronic commerce, the commodity electronic trading market has developed rapidly in China, which has become an important part of our circulation system. This kind of business-to-business electronic commerce forms the combination of electronic transaction and logistics distribution Informatization, realizes the integrated and efficient management of the bulk commodity circulation, improves and improves the spot commodities trading market, and represents the future development direction of the domestic spot commodity trading market.