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NCCE Memorabilia 2009

Time:2010-05-02  Source:NCCE  Author:NCCE

January 6, 2009 - Molasses was traded as the special variety in NCCE. It clinched a deal on a total of more than 40 pieces of contracts, of which the volume was more than 400 tons. The transaction prices were 550 Yuan / ton of May contracts and 600 Yuan of June contracts.

January 12, 2009 - NCCE Fertilizer was traded as the special variety in NCCE. The Agricultural Materials Electronic trading website built by Guangxi Science and Technology Department and NCCE was officially opened.

February 3, 2009 - At the request of National Development and Reform Commission (NDRC), Deputy Director General of Price Bureau Charging Management Office of Guangxi Zhuang

Autonomous Qin Jiayang and Section Chief of Nanning Price Bureau Price Management Section Liang Haoquan watched the fertilizer trading for investigation and survey.

March 17, 2009 - Molasses physical settlement was completed for the first time. Since molasses listed trading was started in January 2009, 1100 tons of molasses settlement of long-term contracts traded in 3 months had been done in advance. The success of the settlement opened up a new chapter of molasses electronic, facilitated the circulating of spot molasses and regulating the market price of molasses trading.  

March 24, 2009 - NCCE signed a comprehensive strategic cooperation agreement with Guangxi University of Finance and Economics. NCCE provided Guangxi University of Finance and students with teaching, internships, research platform.

April 21, 2009 - The Teachers Scientific Research Base and Students Practice Base of Guangxi University of Finance and Economics opening ceremony was held in NCCE. Vice President of Guangxi University of Finance and Economics, Mr. Huang Xiaohong and Director of the International Economics and Trade Department Mr. Jiang Manyuan, 40 teachers and students, NCCE leaders and staffs witnessed this historic moment. 

August 28, 2009 - Molasses production and trade forum was held in NCCE. More than 160 companies participated in the forum. The forum focused in how to make molasses manufacturers and dealers get a better understanding of the supply-demand relationship and development tendency, grasp the initiative of molasses production and sales aiming at the changing of the molasses industry. At the meeting, the participants also made an analysis of the molasses market and affirmed the positive significance of molasses electronic trading in the industry.

September 19, 2009 - The first round of Guangxi Zhuang Autonomous Region grain reserves electronic auction trading was held in NCCE. The total grain reserves for trading were early indica rice of about 62,873.864 tons which was put in storage in 2007. To the end of the trading at 17:00, 51,110728 78 tons of grain reserves were purchased by 78 cereal and oil enterprises, accounting for 81.29% of the total grain reserves. The lowest price was 1740 Yuan per ton and the highest price was 1,942 Yuan per ton. The total turnover reached 90.4282 million Yuan.

November 19, 2009 - the second round of Guangxi Zhuang Autonomous Region grain reserves electronic auction trading was held in NCCE. The total grain reserves for trading were early indica rice of about 58,241.611 tons which were put in storage in 2007 and 2008. More than 130 cereal and oil enterprises in Guangxi Zhuang Autonomous Region participated in the trading. To the end of the trading at 18:30, 56,428.236 tons of grain reserves were purchased by 78 cereal and oil enterprises, accounting for 96.89% of this total grain reserves. The lowest price was 1760 Yuan per ton and the highest price was 2041 Yuan per ton. The total turnover reached 103.55 million Yuan. Compared with the first round of grain reserves electronic auction trading, the turnover increased 13.129 million Yuan by 15.6%.

December 30, 2009 - the third round of Guangxi Zhuang Autonomous Region grain reserves electronic auction trading was held in NCCE trading floor. The total grain reserves for trading were early indica rice of about 46,800.54 tons which were put in storage in 2007 and 2008. More than 140 cereal and oil enterprises including those from Ghuangdong, Shenzhen province participated in the trading. NCCE had successfully held grain reserves electronic trading three times since September 19, 2009. The total turnover reached to 88.6872 million Yuan by 100% close rate. Compared with the first round of grain reserves electronic auction trading, the turnover increased 13.129 million Yuan by 15.6%. Cereal and oil enterprises initially attempt to participate in the trading cautiously, and now they positively take part in the trading. The third round close rate increased to 100% from the first of 81.29% and the second of 96.89%.

 

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