Information on the first steel electronic auction transaction in Shanghai Steele's electronic trading market
Metallurgical News reporter Chen Xiaoyu
On the afternoon of April 7, the third anniversary of the establishment of the Shanghai Steele electronic trading market was being held in the conference hall of the Crowne Plaza Shanghai Fudan University. Jia Yinsong, deputy director of the Economic Operation Bureau of the National Development and Reform Commission, Ding Junfa, executive vice president of the China Federation of Logistics and Purchasing, and Wu Wenji, general manager of Shanghai Steel House Information Technology Co., Ltd. made the “National Economic Development and Adjustment of the Steel Industry Structure†at the conference. , "The impact of modern logistics on China's iron and steel production and distribution model", "views of several hot issues in the current market" and other special reports.
The meeting proceeded to 15:25 pm. Li Wenfeng, president of Shanghai SDL Electronic Trading Market, went to the podium to announce to participants that the Shanghai SDI electronic trading market has been continuously innovated for three years and is committed to creating an electronic trading platform for steel spot dealers. In 2004, the company launched the medium and long-term steel electronic trading platform; in 2005, it launched the steel spot electronic supermarket; in 2006, it also researched and developed the steel online bidding procurement platform. The service target of this platform is designed for bulk raw material procurement for major engineering construction. After a while, the first online bid auction for steel procurement in Shanghai Steele's electronic trading market will take place. We can see the whole process of the first steel electronic auction through the big screen on the venue.
At 15:39, Sun Li, the manager of the trading department of Shanghai Stiel's electronic trading market, stepped onto the podium to preside over online auction transactions. Manager Sun Jun said that on April 4th and April 6th the Japanese market had issued auction announcements for auction bids No. 070401 and No. 070402. Entrusted by the procurement consignor, Shanghai Steele’s electronic trading market was decided to be held at 3:45 pm today. "Online auction special" steel auctions. The total amount of this transaction was 15,000 tons of rebar, divided into 63 targets, and 10 specifications were involved. According to different production time and delivery (delivery) deadlines, 17 groups of targets were auctioned. The trader who participates in this auction is a domestic enterprise that has completed the Confirmation of Registration of Interim Trader Registration Information. The bidder pays the trading margin to the market at a rate of RMB 300 per ton according to the amount of pre-sale before bidding. (Or provide registered warehouse receipts.) Whether you choose to participate in bidding through onsite or offsite, the bidder selects a certain batch of auctions, clicks the “Order†button, and then clicks “Confirmâ€, the system gives each The starting bid price of the bid, which is the highest bid price, each new bid must be based on the original “newest price â€, and be reduced by 5 yuan/ton or an integer multiple of 5 yuan/ton. The price is lower than the minimum bid from the auction Winner bids and automatically signs supply electronic contract with purchaser.
At 15:43, Sun Yi Manager announced that the first online bid auction for steel procurement began. The air at the venue suddenly stagnated, and more than a hundred eyes stared at the big screen. People held their breath and waited silently for the moment.
At 15:44, the auction website for "Shanghai Steel Net" was displayed on the big screen. The website has a system information display area, which publishes the relevant information of the tender procurement of steel products, including the variety (code), production time, quantity, delivery place, brand, delivery deadline, packaging and quality index of each batch. Wait.
At 15:45, the auction began. There are 5 bids for the first group of bids, and the production time requirement is that they will be produced after February 1, 2007. All of them are required to be delivered within 5 working days after delivery (handling). The varieties involved are hrb335 φ10 mm×9m long. The rebar, the number of each target is 200 tons, the highest price of each target is 3160 yuan / ton. The auction time is based on 3 minutes and the last 15 seconds are countdown periods. At the first minute after the bidding began, the bid for the l07040701 target was first bid by 3160 yuan/ton, followed by the other 4 bids all showing a bid price of 3160 yuan/ton, and the final 15 seconds showed a countdown on the big screen. Until the end of the countdown at 15:48, there were no new bids for the five targets. In this way, the 5 bids for the first group were all won at 3160 yuan/ton.
From 15:48 onwards, the second group of 4 bids was started. The production time and delivery deadline were the same as above. The varieties involved were the hrb335 φ12 mm×9m rebars with the codes l07040706 and l07040707, and the codes were l07040708 and l07040709. Hrb335 φ20mm×9m rebar, the number of each target is 250 tons, and the starting price is also 3160 yuan/ton. At 15:49, the bid for l07040707 was 3160 yuan/ton, and it was refreshed to 3155 yuan/ton at 15:50. At this time, the other three bidders still have no bids. Until the last 15 seconds of the countdown period, suddenly the l07040709 target was tendered for 3150 yuan/ton. As a result, the two bids were tendered, and the other two bids flowed without bidding.
Online auction transactions are still in progress...
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The reporter seized the time to conduct the interview. Li Wenfeng, president of Shanghai SDL Electronic Trading Market, told reporters that the biggest difference between online auction bidding and the traditional tender procurement is that according to the progress of the project, the amount of steel purchased for a large project can be divided into smaller pieces. The bids are tendered in batches and in batches. This will not only increase the bidding scope, but also greatly increase the number of companies participating in bids and achieve full bids. It will also reduce intermediate supply processes, shorten lead times, reduce inventory, save resources, and save procurement costs. The tender fee is only 20% of the traditional tender. The traditional tendering model is basically a project divided into several bids, or a project is a subject, a one-time bid for procurement, so that the target is large, the company's qualification requirements are high, and companies that can participate in bidding are naturally less, and It takes at least one month for a tender. General Manager Li also told reporters that the auction bidding platform for steel procurement includes two major pieces: one is the bidding system that has just been demonstrated, and the other is the protection system, including the margin mechanism, quality monitoring mechanism and after-sales service guarantee, and the market conducts full follow-up supervision. , traders can rest assured purchase.
General Manager Ge Hua, general manager of Shanghai Haoxiang Trading Co., Ltd., who purchased steel for construction sites, was very excited to see reporters after watching an online bidding procurement demonstration. This bidding and purchasing platform has been truly fair and transparent. No one can stop competitors at will. It truly embodies the "sunshine procurement," which effectively eliminates commercial bribery, and it also adds a sales channel for us.
Huang Niansheng, a consultant of Shanghai Steeler’s electronic trading market, told reporters that over the past few years we have been making continuous efforts to strengthen the cargo properties of the electronic steel market, striving to innovate the steel spot electronic trading model, and improving the supervision and protection of the electronic market. Only such steel electronics The path to the trading market is getting wider and wider.
Metallurgical News reporter Chen Xiaoyu
On the afternoon of April 7, the third anniversary of the establishment of the Shanghai Steele electronic trading market was being held in the conference hall of the Crowne Plaza Shanghai Fudan University. Jia Yinsong, deputy director of the Economic Operation Bureau of the National Development and Reform Commission, Ding Junfa, executive vice president of the China Federation of Logistics and Purchasing, and Wu Wenji, general manager of Shanghai Steel House Information Technology Co., Ltd. made the “National Economic Development and Adjustment of the Steel Industry Structure†at the conference. , "The impact of modern logistics on China's iron and steel production and distribution model", "views of several hot issues in the current market" and other special reports.
The meeting proceeded to 15:25 pm. Li Wenfeng, president of Shanghai SDL Electronic Trading Market, went to the podium to announce to participants that the Shanghai SDI electronic trading market has been continuously innovated for three years and is committed to creating an electronic trading platform for steel spot dealers. In 2004, the company launched the medium and long-term steel electronic trading platform; in 2005, it launched the steel spot electronic supermarket; in 2006, it also researched and developed the steel online bidding procurement platform. The service target of this platform is designed for bulk raw material procurement for major engineering construction. After a while, the first online bid auction for steel procurement in Shanghai Steele's electronic trading market will take place. We can see the whole process of the first steel electronic auction through the big screen on the venue.
At 15:39, Sun Li, the manager of the trading department of Shanghai Stiel's electronic trading market, stepped onto the podium to preside over online auction transactions. Manager Sun Jun said that on April 4th and April 6th the Japanese market had issued auction announcements for auction bids No. 070401 and No. 070402. Entrusted by the procurement consignor, Shanghai Steele’s electronic trading market was decided to be held at 3:45 pm today. "Online auction special" steel auctions. The total amount of this transaction was 15,000 tons of rebar, divided into 63 targets, and 10 specifications were involved. According to different production time and delivery (delivery) deadlines, 17 groups of targets were auctioned. The trader who participates in this auction is a domestic enterprise that has completed the Confirmation of Registration of Interim Trader Registration Information. The bidder pays the trading margin to the market at a rate of RMB 300 per ton according to the amount of pre-sale before bidding. (Or provide registered warehouse receipts.) Whether you choose to participate in bidding through onsite or offsite, the bidder selects a certain batch of auctions, clicks the “Order†button, and then clicks “Confirmâ€, the system gives each The starting bid price of the bid, which is the highest bid price, each new bid must be based on the original “newest price â€, and be reduced by 5 yuan/ton or an integer multiple of 5 yuan/ton. The price is lower than the minimum bid from the auction Winner bids and automatically signs supply electronic contract with purchaser.
At 15:43, Sun Yi Manager announced that the first online bid auction for steel procurement began. The air at the venue suddenly stagnated, and more than a hundred eyes stared at the big screen. People held their breath and waited silently for the moment.
At 15:44, the auction website for "Shanghai Steel Net" was displayed on the big screen. The website has a system information display area, which publishes the relevant information of the tender procurement of steel products, including the variety (code), production time, quantity, delivery place, brand, delivery deadline, packaging and quality index of each batch. Wait.
At 15:45, the auction began. There are 5 bids for the first group of bids, and the production time requirement is that they will be produced after February 1, 2007. All of them are required to be delivered within 5 working days after delivery (handling). The varieties involved are hrb335 φ10 mm×9m long. The rebar, the number of each target is 200 tons, the highest price of each target is 3160 yuan / ton. The auction time is based on 3 minutes and the last 15 seconds are countdown periods. At the first minute after the bidding began, the bid for the l07040701 target was first bid by 3160 yuan/ton, followed by the other 4 bids all showing a bid price of 3160 yuan/ton, and the final 15 seconds showed a countdown on the big screen. Until the end of the countdown at 15:48, there were no new bids for the five targets. In this way, the 5 bids for the first group were all won at 3160 yuan/ton.
From 15:48 onwards, the second group of 4 bids was started. The production time and delivery deadline were the same as above. The varieties involved were the hrb335 φ12 mm×9m rebars with the codes l07040706 and l07040707, and the codes were l07040708 and l07040709. Hrb335 φ20mm×9m rebar, the number of each target is 250 tons, and the starting price is also 3160 yuan/ton. At 15:49, the bid for l07040707 was 3160 yuan/ton, and it was refreshed to 3155 yuan/ton at 15:50. At this time, the other three bidders still have no bids. Until the last 15 seconds of the countdown period, suddenly the l07040709 target was tendered for 3150 yuan/ton. As a result, the two bids were tendered, and the other two bids flowed without bidding.
Online auction transactions are still in progress...
The auction site steel traders actively participated
The reporter seized the time to conduct the interview. Li Wenfeng, president of Shanghai SDL Electronic Trading Market, told reporters that the biggest difference between online auction bidding and the traditional tender procurement is that according to the progress of the project, the amount of steel purchased for a large project can be divided into smaller pieces. The bids are tendered in batches and in batches. This will not only increase the bidding scope, but also greatly increase the number of companies participating in bids and achieve full bids. It will also reduce intermediate supply processes, shorten lead times, reduce inventory, save resources, and save procurement costs. The tender fee is only 20% of the traditional tender. The traditional tendering model is basically a project divided into several bids, or a project is a subject, a one-time bid for procurement, so that the target is large, the company's qualification requirements are high, and companies that can participate in bidding are naturally less, and It takes at least one month for a tender. General Manager Li also told reporters that the auction bidding platform for steel procurement includes two major pieces: one is the bidding system that has just been demonstrated, and the other is the protection system, including the margin mechanism, quality monitoring mechanism and after-sales service guarantee, and the market conducts full follow-up supervision. , traders can rest assured purchase.
General Manager Ge Hua, general manager of Shanghai Haoxiang Trading Co., Ltd., who purchased steel for construction sites, was very excited to see reporters after watching an online bidding procurement demonstration. This bidding and purchasing platform has been truly fair and transparent. No one can stop competitors at will. It truly embodies the "sunshine procurement," which effectively eliminates commercial bribery, and it also adds a sales channel for us.
Huang Niansheng, a consultant of Shanghai Steeler’s electronic trading market, told reporters that over the past few years we have been making continuous efforts to strengthen the cargo properties of the electronic steel market, striving to innovate the steel spot electronic trading model, and improving the supervision and protection of the electronic market. Only such steel electronics The path to the trading market is getting wider and wider.
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