LME Plastics


http:// www.lmeplastics.com

56 Leadenhall Street
GB-EC3A 2DX London

Tel. +44 20 7264 5555
Fax +44 20 7680 0505

Profile

The London Metal Exchange (LME) is the world’s premier non-ferrous metals market.

It is an innovative Exchange, whilst maintaining its traditional strengths in a modern business environment. It remains close to its core users by ensuring its contracts continue to meet the high expectations of a demanding industry.

As a result, it is highly successful, with a turnover value of some US$2,000 billion per annum. It is a major contributor to the UK’s invisible earnings, responsible for more than £250 million in overseas earnings each year.

Why the LME for plastics futures?
Plastics have much in common with metals. They are primary industrial raw materials that have established themselves in the fabric of modern life. Metals and thermoplastics are both $120 billion markets. In many cases plastics have replaced metals where the inherent advantages of light weight, exceptionally broad range of physical properties and design possibilities have played a major role. Not surprisingly the main categories of customers are very similar to metals and many large buyers of metals also purchase substantial quantities of plastics.

Over the past 125 years the LME has, in close consultation with industry, developed highly successful futures contracts for non ferrous metals which, like plastics are also primary industrial raw materials.

The delivery based LME contract model is easily adapted for plastics futures and many major plastics consumers are already familiar with and have confidence in the LME market due to their metal hedging activities.

© 2001-2019 Plasteurope.com  |  Imprint  |  Privacy

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2019 by Plasteurope.com, Bad Homburg
Date of print: 25.08.2019 21:47:07   (Ref: 323512554)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/institutions/detail.asp