Base stock sellers and buyers in China now have a platform where they can comingle in search of mutually beneficial deals. Since last month, base stocks are being traded on the Bohai Commodity Exchange, Chinas largest online spot trading exchange.
The base stock platform, called the BOE spot trading center for base stocks, was co-developed by the Bohai Commodity Exchange (BOE), rare metals online trader Shanghai Hongjian Trading, and engine oil supplier Linxian Petrochemical. The project cost about 200 million (U.S. $33 million). BOE is based in Tianjin.