An aerial view of Jinyi Comprehensive Free Trade Zone. [Photo/Zhejiang Daily]
As a batch of electrolytic copper from Europe completed its storage operation in the designated delivery warehouse in Qianhai Bulk Commodity Warehouse, Jinyi Comprehensive Free Trade Zone, on Nov 21, the warehouse celebrated a remarkable milestone, surpassing 100,000 metric tons in bulk commodity inflow and outflow over the past six months.
This warehouse, designated by Qianhai United Trading Center, is the only bulk commodity designated delivery warehouse authorized within Zhejiang province.
Leveraging resources from platforms such as the Hong Kong Stock Exchange, the warehouse is grounded in spot trading of bulk commodities and is committed to serving the real economy. It effectively consolidates domestic bulk commodity market resources to meet the personalized and market-oriented demands of enterprises.
The warehouse was awarded the license at the end of April this year and commenced official operations in June. By August, it had achieved a monthly total of over 10,000 tons in inflow and outflow, and by November, the cumulative total exceeded an impressive 100,000 tons.
The main bulk commodities currently stored in the facility, such as electrolytic copper and aluminum ingots, are primarily sourced from Europe and Central Asia. Based on downstream enterprises' requirements, they are distributed to the city of Jinhua and surrounding provinces and cities.
