March 15, the "2023 China Cement Industry Summit" hosted by China Cement Network was successfully held. Liu Chaoxiang, Senior Vice President of Qianhai Joint Exchange Center, brought a brilliant report on the theme of "Building a Unified Market Based on Spot Exchange to Promote the Digital Transformation of Cement Industry".
Liu Chaoxiang said that through the innovation of warehousing technology, the storage period of cement can be extended, and the problem of local shortage and seasonal shortage of cement can be solved; the cement can be transformed from non-standardized products into standardized negotiable products, and the standardized warehouse receipts of financial cement can be created through the standardized spot trading rules of the exchange, which can strengthen the financial attributes of cement.
Taking warehousing technology as the starting point, we can break the current regional pattern of the industry, build a unified national market, and enable all elements of the cement industry to circulate in the national market; Through the global distribution of warehousing, the ability of market regulation and resource allocation across a larger region and a longer period can provide strong support for the construction of "the Belt and Road" while resolving the excess capacity of domestic cement.
Through the spot exchange, we can reflect the real supply and demand situation of the market, find the effective market price that can be recognized by the upstream and downstream of the supply chain, and stabilize the market price game, which is expected to fundamentally improve the structural contradiction between supply and demand of cement and the sharp fluctuation of market price.
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