Dalian Exchange adds two new PVC contract delivery spots

04 August 2009 04:43  [Source: ICIS news]

SINGAPORE (ICIS news)--China’s Dalian Commodity Exchange (DCE) has added two new delivery locations in Shanghai and Zhejiang for its polyvinyl chloride (PVC) futures contracts, bringing the total designated warehouses to seven, the exchange announced late on Monday.

The addition of the two new delivery locations could help ease worries of a logistical jam when physical delivery takes place next month after the expiration of the first PVC futures contract, traders and producers said.

The seven approved delivery warehouses can now be found in Guandong, Foshan, Shanghai, Zhejiang and Hangzhou.

Trading in DCE’s PVC futures had surged since its launch more than two months ago. Open interest in the contracts had increased by almost tenfold since late-May to 223,800 on Monday.

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By: Ng Hun Wei
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