China's first Plastics Exchange, at an investment outlay of 2 billion yuan (US$247 million), is to be housed in Guangzhou. Guangdong Plastics Exchange (GPE) will start operation in Guangzhou, capital of south China's Guangdong Province shortly. PVC will be the first polymer to be traded on the GPE. GPE is planned to cover an area of 200,000 square meters with warehouse and logistics facilities that will have a handling capacity of 300,000 tons.
The GPE will leverage from the fact that Guangdong is the largest plastics raw material consumer and terminal market in China. GPE will adopt the advanced e-trading mode and gradually form an influential Guangdong Price or even China Price for the plastic industry with the participation of upstream and downstream enterprises. China, the big consumer of bulk industrial raw material, thus will have a saying in plastics price on the market
12-Sep-05 
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