Chinese exchange to launch PP resin futures

Isaac Li
PLASTICS NEWS CHINA

Published: June 6, 2013 12:38 pm ET
Updated: June 6, 2013 12:40 pm ET

Related to this story

Topics Materials, China

NINGBO, CHINA — Dalian Commodity Exchange, which claims to be the world's largest plastics futures market by trading volume, plans to launch polypropylene futures before the end of this year.

The PP futures project has been filed with China's Securities Regulatory Commission, and is expected to be listed this year, DCE general manager Li Zhengqiang told the audience at the June 5 China Plastics Industry Conference in Ningbo, Zhejiang province.

DCE's LLDPE futures and PVC futures, respectively launched in July 2007 and May 2009, have been running smoothly with active tradings, Li said.

The LLDPE and PVC futures prices have been increasingly representative of spot prices, he added. The correlation coefficient between futures and spot prices has stayed above 0.9 for LLDPE since the launch, and the number averages around 0.8 for PVC futures.

In 2012, DCE recorded 21.55 percent of price volatility for LLDPE futures and 11.45 percent for PVC futures, he said, close to the pricing fluctuation in spot markets in China.


Comments

Chinese exchange to launch PP resin futures

Isaac Li
PLASTICS NEWS CHINA

Published: June 6, 2013 12:38 pm ET
Updated: June 6, 2013 12:40 pm ET

Post Your Comments


Back to story


More stories

Image

Oxford Polymers adds compounding capacity

January 30, 2015 1:16 pm ET

Materials maker Oxford Polymers has increased its compounding capacity by installing a new single-screw extrusion line.    More

Image

Marval's next generation expands capacity

January 30, 2015 1:27 pm ET

MAMARONECK, N.Y. — There’s a lot of history at Marval Industries Inc., but the 59-year-old compounding firm also is looking toward the...    More

Image

Lubrizol buys Brazil-based coatings technology manufacturer

January 30, 2015 11:50 am ET

Specialty chemicals company Lubrizol Corp. of Wickliffe, Ohio, said it has acquired a Brazilian company that makes coatings technology for products...    More

Image

US loses top investment destination spot to China

January 30, 2015 11:14 am ET

China has overtaken the United States as the leading global destination for foreign direct investment, according to a new report.    More

Image

China to lead the way on robots

January 30, 2015 11:12 am ET

More industrial robots will be operating in China’s production plants than in the European Union or North America by 2017.    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events