06 June 2013 08:35 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Dalian Commodity Exchange (DCE) has obtained regulatory approval to launch polypropylene (PP) futures trading and has completed drafting of a detailed scheme, according to a statement on its website late on Wednesday.
Under the preliminary scheme, the PP futures contracts will have five tonnes of filament products in one lot, and delivery points will be key consumption areas of this product, such as Shanghai, Ningbo, Hangzhou, Changzhou and Guangzhou.
DCE will organise a series of seminars to introduce and interpret the scheme and at the same time, seek comments for making amendments, if necessary, the statement said.
Some industry sources said that the PP futures trading may debut within this year.
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