PETROCHEMICAL MARKETS
PVC futures trading expected soon on DCE
China’s Dalian Commodity Exchange (DCE, Dalian; www.dce.com.cn) is expected to begin trading in PVC futures soon following simulation tests on nine PVC futures contracts and the publication in February 2009 of PVC test contracts and details. Liu Xingqiang, president and CEO of DCE, said in October 2008 that the exchange was preparing for the launch of PVC, PE, PP and other petrochemical futures.

It has been reported that the trading unit of the PVC futures will be five t/lot with a minimum price change of CNY 5/t (EUR 0.54/t). The daily limit up and down is 4% of the previous settlement price and minimum margin is 5% of contract value. PVC will be the second polymer to be traded on the exchange following the listing of LLDPE on 31 July 2007.

The Dubai Gold & Commodities Exchange (DGCX, www.dgcx.ae) postponed the launch of its plastics futures trading scheme for PP and LLDPE in February 2009, saying it needed more time for preparation – see Plasteurope.com of 11.02.2009. In the US, derivatives exchange CME Group (Chicago, Illinois; www.cmegroup.com) began trading in plastics at the beginning of November 2008, with the launch plastics futures contracts for PP and PE – see Plasteurope.com of 07.11.2008.
24.03.2009 Plasteurope.com [213072]
Published on 24.03.2009
China: Kunststoff-Futures an Börse in DalianGerman version of this article...

© 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: 18.09.2019 03:03:01   (Ref: 98345176)
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