Wood Futures Delivery Warehouse Establishes Itself in Ganyu Port Area

From: Lianyungang Daily Updated: 2025-09-01 08:36

Recently, the Dalian Commodity Exchange (abbreviated as DCE) announced that it had designated Lianyungang Port Holding Group’s Xinhaiwan Company as a designated vehicle delivery site for logs. This signifies the successful establishment of a wood futures delivery warehouse in the Ganyu Port area. Following the acquisition of delivery warehouse qualifications for coke, coking coal, and iron ore, Lianyungang Port has once again achieved a new breakthrough in expanding its physical commodity spot trading and delivery business. This further enhances its reputation as a provider of bulk commodity services and creates new opportunities for the city to expand its international trade space at a higher level.

The Ganyu Port area commenced trial navigation at the end of 2012, and Xinhaiwan Company of the Port Holding Group officially commenced operations and management in 2013. As the northern wing port area, Ganyu Port has been deeply engaged in wood handling operations for many years. It has gained market recognition thanks to its strong wood handling capabilities, rich operational management experience, and a well-established risk control system. By the end of July this year, it had completed a cumulative wood handling volume of 8.15 million cubic meters. This year, with support from various parties, Xinhaiwan Company has conducted in-depth research on the wood futures delivery warehouse business and actively explored avenues for value-added services in the Ganyu Port area. After relentless efforts, the company signed a cooperation agreement with the DCE on August 20.

Located in the rear cargo yard of Xinhaiwan Terminal Co., Ltd., this delivery warehouse boasts a vast area, with a cargo yard covering 600,000 square meters, sufficient to stack 1.1 million cubic meters of wood at one time. To meet customer cooperation needs, the company has established partnerships with multiple surrounding cargo yards. It is anticipated that in the future, the total area of warehouses and yards available for wood storage will exceed 900,000 square meters, meeting the storage demand for 1.6 million cubic meters of wood.

In 2025, China’s log market is undergoing a profound structural adjustment, with an increasing number of enterprises moving towards a new business model that combines futures and spot trading. “We create favorable conditions for traders to carry out port-based hedging and futures-spot combined businesses, helping clients effectively manage price fluctuation risks, enhance resource allocation efficiency, and provide strong support for the stability of industrial and supply chains,” said Zhu, the head of Lianyungang Xinhaiwan Company. Zhu added that the approval of this qualification not only fills the gap in Lianyungang Port’s wood futures delivery qualifications but also enables the company to offer clients a full range of services from wood warehousing and logistics to delivery, further promoting the innovation of the “port + futures + supply chain” model.

It is reported that with the successive commissioning and functional utilization of new berths, it is expected that after the establishment of the delivery warehouse, the annual wood handling volume in the northern wing port area will exceed 2 million cubic meters. Once the delivery business becomes routine, it is bound to attract more wood traders and processing enterprises to gather. At that time, the Ganyu Port area will provide end customers with a one-stop solution combining “spot sales + futures delivery” of wood, with the potential to extend its cargo hinterland to the central Jiangsu region. On this basis, Lianyungang Port will continue to deepen all-round cooperation with the DCE in futures delivery fields such as agricultural and industrial products, as well as in off-exchange market businesses. It will continuously improve port functions and demonstrate greater contributions in serving the high-quality development of the real economy.