E-spot trading now appears to be a rising trend in China's rubber market, according to Li Shiqiang, general manager of Thai firm Sri Trang Agro-Industry Plc.’s China operations.
It was a revolutionary method for rubber trading in both downstream and upstream industries, said Li.
Li said traditional rubber trading channels had been inadequate to meet present demand along with the explosive development of the Internet.
The beauty of E-spot trading based on the Internet could lead decision makers to making more precise orders and help better consolidate resources on the overall industrial chain, noted Li.
Sci Trang is a leading rubber trading firm around the globe and it has an annual natural rubber processing capacity of 800,000 metric tons.
(Edited by Olivia, Olivia@tireworld.com.cn)
