ABOUT RFQ

WhWhat's RFQ in foreign trade?

A request for quotation (RFQ) is a standard business process whose purpose is to invite suppliers into a bidding process to bid on specific products orservices.  RFQ generally means the same thing as IFB (Invitation For Bid).

A RFQ typically involves more than the price per item. Information like payment terms, quality level per item or contract length are possible to be requested during the bidding process.

2.      How do reply RFQ clearly and correctly?

To receive correct quotes, RFQs often include the specifications of the items/services to make sure all the suppliers are bidding on the same item/service. Logically, the more detailed the specifications, the more accurate the quote will be and comparable to the other suppliers. Another reason for being detailed in sending out a RFQ is that the specifications could be used as legal binding documentation for the suppliers.

The suppliers have to return the bidding by a set date and time to be considered for an award. Discussions may be held on the bids (often to clarify technical capabilities or to note errors in a proposal). The bid does not have to mean the end of the bidding. Multiple rounds can follow or even a reverse auction can follow to generate the best market price.

3.      What’s RFQ is related to the business of XYD Industry Ltd.?

It is covered many chemical fields, such as construction, feed, fertilizer, pharmaceuticals, medicine，food additives, textile, Polymer, resin, and surfactant, etc.

1. Self-produced chemicals: sodium gluconate (set retarder), sodium naphthalene sulfonate formaldehyde (naphthalene superplasticizer, SNF water reducer, FDN water reducer), sodium lignosulphonate, calcium lignosulphonate.

2. Other main chemicals：sorbitol, molasses powder,  fulvic acid, ammonium sulfate, urea, polycarboxylate acid, calcium nitrite,  sodium hexametaphosphate, sodium tripolyphosphate (STPP),  calcium gluconate, glucolactone, glucose.