Shenzhen Qianhai Mercantile Exchange (QME) recently completed its first batch of non-standard warehouse alumina transactions, marked by confirmation from the buyer. Differing from online transfer settlement of standard warehouse transactions, non-standard transactions are negotiated between buyer and seller according to their actual needs, with settlement closed offline at the designated location. After the transaction is concluded, the payment premium is settled online. QME provides massive flexibility and options for both buyers and sellers during the delivery process, while endorsing performance of both parties.
The Shenzhen Qianhai Mercantile Exchange (QME) is a HKEX (Hong Kong Exchanges and Clearing Limited) company, a commodity trading platform with alumina as the first listed trading item. QME provides an important benchmark for alumina pricing in the domestic market.