Exploration Of Shanghai Futures Delivery Warehouse Of China Storage

Domestic futures market trading is increasingly active, futures delivery is an important part of futures trading, is an important link between futures and spot. In practice, most futures transactions settle their performance obligations by hedging and closing positions, and some of them enter the physical delivery link. For the physical delivery of this way, many investors are still relatively unfamiliar.

With more than 20 years of industry experience in the futures delivery warehouse business, China Storage Development Co., Ltd. in Shanghai (hereinafter referred to as "CSD Shanghai") is one of the main delivery warehouse operators since the establishment of Shanghai Futures Exchange.

A few days ago, the 21st century economic reporter conducted a field investigation on the Shanghai Wusong Branch of China savings bank, with a view to unveiling Mongolia's mysterious veil on the head of the futures physical delivery warehouse for investors.

At present, CSC Shanghai has been awarded the designated delivery warehouse for copper, aluminum, lead, zinc, nickel, tin, silver, rubber, pulp, 20 rubber, international copper and other varieties of Shanghai Futures Exchange.

CCB Shanghai said that it will also actively strive to enter the first lineup of Shanghai futures exchange for more new varieties of designated delivery warehouses in the future.

In practice, most futures transactions settle their performance obligations by hedging and closing positions, and some of them enter the physical delivery link. Visual China

High tech innovation of bulk storage

Entering the natural rubber futures delivery warehouse of Shanghai Wusong Branch of China savings Corporation, what we see in the eyes of 21st century economic reporter is a large number of rubber futures and spot with standard weight. These rubbers are neatly stacked on special blue shelves, up to four layers.

This kind of shelf is called "Qiao Gu Jia", which is an improved design of the shelf after China storage Shanghai has absorbed the storage experience of similar products abroad.

Previously, the rubber industry has been using artificial large storage space pile storage, which is not easy to carry out inventory checking, and rubber is easy to be affected by moisture and mildew due to no wind, and it is also easy to cause pile inversion after thermal expansion and cold contraction due to temperature. CSSC Shanghai has changed the traditional manual storage space into "smart fixed rack" stacking mechanization operation, which not only improves the utilization rate of warehouse resources, reduces the safety risk of on-site operation, but also avoids the moldy deterioration of goods to the greatest extent, and ensures the storage quality of products.

The application of "smart frame" has been affirmed by the previous issue, and it has been widely used in the national rubber delivery warehouse, playing a leading role in the industry service standards.

This is a small footnote of the management innovation of CCB in Shanghai. At present, the storage resources in Shanghai area of China storage Co., Ltd. covers an area of 850000 square meters, including 360000 square meters of freight yard, 220000 square meters of warehouse area, and 5 special railway lines. In the face of such a large storage range, how to achieve efficient management tests the wisdom of all parties.

In 2019, with the improvement of management requirements, CSC Shanghai will implement bar code customized management for metal goods, and the on-site tallyman will operate with PDA. In the input / output / storage business processes, paperless transmission improves the efficiency of information transmission and effectively avoids human error operation. At the same time, it has also opened remote query function to warehousing customers, including business data list query and download, warehousing voucher download and business settlement reconciliation audit.

In addition, the application of big data, Internet and other technologies contributes more and more to the operation. In the post epidemic era, the use of these emerging technologies for process management and epidemic prevention and control has become a sharp weapon for CCB Shanghai to maintain its core competitiveness.

The relevant person in charge of CSSC Shanghai demonstrated to the reporter the software platform for real-time monitoring and big data statistics of the warehouse management system. With the assistance of high-definition and full coverage electronic monitoring equipment, COSCO Shanghai can realize the business operation, operation process, cargo status, and operation process of each operation warehouse under its jurisdiction in the central dispatching center Real time scheduling and supervision of environmental security and other aspects, and remote query function of related parties is provided through permission setting.

In the context of epidemic prevention and control, the company also carries out more strict information registration for personnel in and out of the park to achieve traceability. All information can be queried by one key on one platform.

A series of software and hardware products, including the above functions, such as park vehicle management system, metering data platform system, cargo location management system, park monitoring and wireless coverage, park operation resource monitoring system, constitute the smart logistics solution of China storage Shanghai.

Global allocation of delivery resources

In addition to the exploration of management innovation, the strategic layout of CCB Shanghai has opened up the international vision very early.

Since 2010, Shanghai Futures Exchange has officially started the bonded delivery business of futures to realize the internationalization of futures market. The varieties of copper and aluminum are pilot in the early stage. To this end, CSSC Shanghai started to plan for the international development of nonferrous metal storage business.

In 2016, CSC completed the acquisition of 51% equity of Henry bath group (hereinafter referred to as HB group), a global storage giant. HB group has more than 200 years of experience in metal warehouse management and is a founding member of the London Metal Exchange (LME). Its main business is futures delivery, spot storage and special storage, and its main business varieties are basic metals and soft commodities. Compared with the futures delivery and warehousing business before China storage, the biggest characteristic of HB group is the connectivity of warehousing and logistics services at home and abroad.

Through the acquisition of HB group, China storage has completed the warehousing network layout of overseas important logistics nodes, and has become a futures delivery warehouse operator with the qualification certification of major international exchanges in the world, and has obtained the qualification to participate in the global market competition. "Zhongcang HB" double brand has the ability to plan more perfect cross market logistics solutions for domestic and foreign customers, and provide more professional global warehousing logistics network support and supply chain management convergence services.

Through this acquisition, it is self-evident that it will play an active role in enhancing China's global resource allocation capability and winning pricing voice in the international commodity market.

According to Wang Haibin, Secretary of the Party committee and general manager of the Shanghai business division of China Central Reserve, major bulk materials such as crude oil, copper and rubber listed in the futures market are highly dependent on foreign countries. "The significance of the strategic reserve of bulk commodities implied in the futures market lies in the fact that the structure of traders in an open futures market must be international, and the delivery resources must be global allocation. To a certain extent, cross-border delivery is the connection and promotion between internal and external circulation in the futures market. The system design of delivery link can guide the quantity and logistics of bulk commodity reserves to a certain extent Direction, and then serve the dual cycle strategy and national economic security

The increasingly perfect global layout of China reserve has also won the support and affirmation of international market participants.

Trafigura (China) is a strategic partner of China savings Corporation in Shanghai. It has entered the Chinese market since 1993. It is one of the fastest growing trading companies in China and an important hub of Trafigura group in Asia.

Tang Ji, manager of the operation Department of Trafigura (China), told reporters of the 21st century economic report that, "As a deep participant in the bulk commodity market, in order to improve the security coefficient of the goods in stock, the delivery warehouse certified in the previous period is our best choice. After the acquisition of HB group by China storage, it has become an important bridge for bulk commodity customers to link China and overseas markets. At the same time, it has also introduced advanced management experience into the management reform of domestic warehousing industry, and has provided some reference for the management reform of domestic warehousing industry International market participants provide better global service options. "

Li Bin, general manager of Supply Chain Management Department of Hesheng natural rubber (Shanghai) Co., Ltd., said in an interview, "we hope that China storage can continue to introduce advanced international warehouse management experience, and promote the improvement of domestic overall warehousing industry management ability, so as to make it more in line with and close to the requirements of the futures exchange."

The release of the opinions on supporting Pudong New Area's high-level reform and opening up to build a leading area of socialist modernization construction clearly defines the direction of enhancing the price influence of important commodities, better serving and leading the development of the real economy, and supports the Shanghai Futures Exchange in exploring the establishment of a national registration center for bulk commodity warehouse receipts and developing bonded warehouse receipt business, We will also provide supporting cross-border financial and tax policies.

Taking this as an opportunity, the overseas team of China savings reserve is actively cooperating with Shanghai Futures Exchange to conduct feasibility study on overseas establishment of a treasury, so as to build an institutional framework that highlights Chinese characteristics, meets market demand and conforms to international rules, and accelerates the establishment of an international delivery network and delivery system.

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