On November 15, Shangang Trafigura International Trading (Shandong) Co., LTD. (hereinafter referred to as Shangang Trafigura), a joint venture established by Shandong Port Group and Trafigura Group, was inaugurated in Qingqing.

At the scene, Shangang Trafigura signed strategic cooperation agreements on account opening and credit granting with relevant bank partners, and signed strategic cooperation agreements with crude oil, oil and gas, metal minerals, and black energy partners.

It is reported that Shangang Trafigura was set up as a joint venture in Qingdao Free Trade Zone on November 1 this year, with a registered capital of 1 billion yuan, and the first registered capital will be in place before November 30. At present, Shangang Tok Company has cooperated in the domestic purchase and sale of electrolytic copper, iron ore foreign trade import and other trade businesses, to achieve the opening of the establishment year.

Trafigura Group, as the world's top 500 enterprises, is the world's most well-known and influential supply chain core enterprises, and is one of the most important suppliers of crude oil, iron ore and non-ferrous metals in the Chinese market. It has abundant first-hand resources and customer resources of crude oil, natural gas, ore and non-ferrous metals around the world.

The establishment of Shangang Trafigura helps to give full play to the advantages of the two sides' systems, jointly build a commodity interconnection service platform at home and abroad, and strive to build a provincial integrated cooperation platform, a linkage platform along the Yellow River and the border, a supply and marketing platform along the coast and the river, and a global multi-regional interactive platform "four platforms", deepening the cooperation path of "port + local platform + industry + enterprise".