Guangzhou (JLC), September 16, 2022--JLC has lately had its assessments on oil, natural gas, chemicals, plastics, rubber and fertilizers listed on the Shanghai Data Exchange for trading, setting a new record among Chinese companies providing spot bulk commodity assessments.
This is a reflection of the leading position of JLC’s assessments in the bulk commodity market.
The listing of the assessments on the exchange has provided JLC with another platform to step up its pricing support for bulk commodity participants in their operation and trading. JLC will work with Shanghai Data Exchange to empower bulk commodity trading with data in a digitalization trend and promote the development of digital economy for a brighter future.
JLC has developed methodology for the evaluation of spot prices of bulk commodities, evaluating the spot prices of commodities in a comprehensive, professional, objective and neutral manner, with reference to world-leading commodity valuation and the characteristics of China's commodity market transactions. JLC assessments are applied in many scenarios such as price benchmarking, transaction settlement, cost accounting, index development, market research and judgment, financial derivatives, etc., and are applicable to multiple types of customer groups engaged in production, circulation, terminal consumption, finance, etc. They have been widely used in market transactions of many products.
Shanghai Data Exchange was established in the city's Pudong New Area on Nov 25, 2021, aimed to become an important functional institution for data circulation, the release of the benefit of digitalization and the promotion of digital economic development.
