Source: Yiwu sourcing agent Author: Gary Date: 2011-08-24
In August 19, China Commodities City Group (CCC Group) and Shanghai Shipping Freight Trading Co., Ltd. signed a cooperation agreement in formal, marking the world's largest commodity market and the world's first third-party centralized trading platform for freight shipping hand in hand. Market dealers have more ways to hedging such as locking operating profit, controlling operating costs.
Shanghai Trading Co., Ltd. of shipping freight (SSEFC) is the world's first third-party centralized trading platform for freight shipping, container exports have been launched in Shanghai trading forward freight products, will launch China's coastal dry bulk, dry bulk and other international ocean shipping freight forward transactions in the products, providing more hedging ways for shipping. Freight shipping deal is a hedging product to hedge shipping spot market risk. If you are worried about rising ocean freight, it may be the same as buying stock index futures, first, buy the first opening, then sell it when the freight prices rise up. If the spot market freight rise up the cost, you can profit in the long-term market, by this reverse, business users will be able to reduce the shipping price volatility risks.
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