China's Dalian Exchange to start PVC futures trading soon

17 March 2009 09:17  [Source: ICIS news]

SHANGHAI (ICIS news)--China’s Dalian Commodity Exchange (DCE) will start polyvinyl chloride (PVC) futures trading soon to help hedge risks, a source from DCE said on Tuesday.

"The exchange will kick start PVC trading soon once it gets the approval of China Securities Regulatory Commission," the source said but refused to give an exact date.

PVC would become the second chemical product futures traded by the exchange after linear low density polyethylene (LLDPE).

"It is very difficult to say if the PVC futures will guide or impact the spot prices now, and we have to wait and see," the source added.

Other commodity futures traded on the exchange include corn, soybean, soybean oil, soybean meal and palm oil.

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By: Judith Wang
+65 6780 4359

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