温馨提示

CSRC Approves the Trading of Polypropylene Futures by Dalian Commodity Exchange

时间:2014-04-16 16:05

Recently, CSRC approved the trading of polypropylene futures by Dalian Commodity Exchange. The date for the official listing of polypropylene futures contract will be decided by the DCE.

  

As one of the principal raw materials for the production of plastic products, polypropylene has an extensive industry chain and is widely used in industries including automobile, home appliances and building materials. China is the biggest producer and consumer of polypropylene in the world. In 2012, China reached 11.09 million ton in polypropylene production and 14.86 million ton in apparent consumption of polypropylene, respectively accounting for 19% and 26% of the world total, with a market size of over RMB 160 billion. In the past few years, polypropylene market has experienced volatile and frequent price fluctuations, with a fluctuation rate of 33%, 29% and 18% respectively in 2010, 2011 and 2012, causing the need for commercial enterprises to hedge their positions in polypropylene to soar. Launching the trading of polypropylene futures and promoting the price formation mechanism can provide such enterprises with risk-avoidance instruments and enrich the offering of chemicals futures, thus facilitating the sound development of the industry. At present, with the launching of PTA futures, polypropylene futures and PVC futures, China has started to form a system of chemicals futures.

Referred from: CSRC

 


 

网站对话
live chat
客服软件
live chat
新湖期货官方APP湖宝