en.Wedoany.com Reported - From 9:00 to 10:00 on June 11, Hubei Dianshi Auction Co., Ltd. will conduct a full-process online public auction of approximately 400,000 tons of sand and gravel resources located at the Liukou Stockyard in Jianli City, Hubei Province, on the E-Pai Online Auction Platform. The starting unit price is 8.8 yuan/ton (including 3% tax), with a minimum single bid increment of 0.2 yuan/ton. The auction deposit for this batch of sand and gravel is 4.02 million yuan, and the auction reserve fund is 5,000 yuan. This auction adopts a unit price bidding model, with actual settlement based on weighed quantities. The transaction unit price is the ex-stockyard shipboard price, and the quoted price includes costs for secondary loading and unloading, labor, and mechanical operations. Costs related to cargo transshipment and outward transport are to be borne separately by the purchaser.
This auction only accepts registrations from legally registered corporate entities within China. Bidders must possess sufficient financial strength and good commercial reputation, with no records of being subject to enforcement for dishonesty, major tax violation cases, or serious dishonesty in government procurement in the past three years. Interested participating enterprises must conduct inquiries through the "Credit China" website within the validity period of the announcement and submit relevant inquiry screenshots stamped with the company seal as registration materials to the auctioneer for preliminary qualification review.
The registration deadline is 17:00 on June 10, 2026. The auction deposit of 4.02 million yuan must be paid to the designated account of Jingzhou Chengfa Green Development Co., Ltd. at the Hubei Bank Jingzhou Changjiang Sub-branch. The auction reserve fund of 5,000 yuan must be paid to the account of Hubei Dianshi Auction Co., Ltd. at the Hubei Bank Jingzhou Hongyuan Sub-branch. Both payments are subject to actual bank receipt time; overdue receipts will be deemed as registration failure. Additionally, participating enterprises must complete registration and real-name authentication on the E-Pai Online Auction Platform in advance. After all procedures are completed, the auction company will activate online bidding permissions. This auction is a routine measure by Jingzhou City to revitalize existing sand and gravel resources and standardize the market-oriented disposal of building materials. Hubei Dianshi Auction Co., Ltd. is a professional auction institution approved by the Hubei Provincial Department of Commerce, engaged in asset disposal and resource auctions year-round. Jingzhou Chengfa Green Development Co., Ltd., established in December 2021 with a registered capital of 10 million yuan, operates in river sand mining, mineral washing and processing, new building material manufacturing, and non-metallic mineral product sales. It is a subsidiary of a state-owned enterprise in Jingzhou City and is responsible for the entrusted disposal of these sand and gravel resources.
The Pinglu Canal is scheduled to officially open to navigation by the end of 2026. With a total length of 134.2 kilometers and capable of accommodating 5,000-ton vessels, the canal will connect the Xijiang River with the Beibu Gulf International Gateway Port, shortening the distance for bulk cargo from Guangxi and the southwestern region to the sea by approximately 560 kilometers. This will bring about a transformation in the outward transport corridor for sand and gravel in the southwest, allowing Guangxi's sand and gravel to be transported via the canal to Beibu Gulf Port and then by sea, forming a supplementary transport route to the Pearl River Delta and Hong Kong-Macao markets. The centralized entry of approximately 400,000 tons of sand and gravel into the market will provide a certain supplement to the supply of building materials in the Jianghan Plain and along the rivers in Guangdong and Guangxi.
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