Dubai to trade plastics futures from Q3 2007 / Separate contracts for two regions of Asia
In response to the booming market for plastics on the Persian Gulf, the Dubai Gold & Commodites Exchange (DGCX; www.dgcx.ae) plans to begin futures trading in the third quarter of 2007. Initially, the exchange will launch four contracts – for LDPE, LLDPE, HDPE and PP – in cooperation with its parent company, Dubai Multi Commodities Centre (DMCC; www.dmcc.ae). There will be three regional contracts for each grade. For northeast Asia, the trading centre will be South Korea, for southeast Asia Malaysia and Singapore. Middle East contracts will be traded in Dubai.

The Middle East has become the nerve centre of the global petrochemical industry, David Rutledge, CEO of DMCC and director of DGCX, said in a statement. He pointed out that the DGCX is not only the first exchange to offer specialised contracts for the Middle East but also the first to focus individually on the two regions of Asia. Neither the LME in London nor the NCDEX in Mumbai / India offers this. Since being announced in January 2007, the Dubai trading plans have met with encouraging response, said Rutledge.
15.06.2007 Plasteurope.com [208309]
Published on 15.06.2007
Rohstoff-Einkauf: Börse Dubai kündigt Plastics Futures anGerman version of this article...

© 2001-2020 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
© 2001-2020 by Plasteurope.com, Bad Homburg
Date of print: 10.08.2020 20:36:32   (Ref: 154952289)
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/news/detail.asp