The city's first electronic yarn trading market settled in Nan'an

Yesterday morning, the city's first yarn trading market project officially settled in Nan'an. This project relies on the e-commerce platform to realize online transactions. At present, the electronic system of the trading market has been completed and will be officially put into use next month. The first stage can provide online trading for combed cotton products.
'In the past, traditional tangible market transactions not only required high circulation costs and warehousing costs, but also after layers of agents and distributors, product costs would continue to rise. But after the implementation of electronic transactions, buyers and sellers can directly Face to face, save at least 30% of the intermediate cost.' Wang Wenyong, the project leader of the yarn trading market, told us that this is the value of the trading market.