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

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Image

3-D printing specialist aims at better materials, faster equipment

September 19, 2014 2:07 pm ET

An exception in the crowded field of boutique vendors and agents at this year's AsiaMold show was Changsha-based Hunan Farsoon Hi-tech Co. Ltd.,...    More

Image

Foster building medical polymers plant

September 19, 2014 1:39 pm ET

Foster Delivery Science is investing $8 million in a new plant in Putnam, Conn., for production of medical polymer blends, as well as rods, film or...    More

Image

BP to restart damaged PTA unit in limited capacity by November

September 19, 2014 10:27 am ET

British Petroleum plc may restart its fire-damaged purified terephthalic acid (PTA) feedstock unit in South Carolina in late October or early...    More

Image

Bayer spinning off plastics business

September 18, 2014 8:49 am ET

Bayer AG will spin off its MaterialScience plastics group into a separate, publicly-traded company within the next 12 to 18 months.    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

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

More Events