China's top securities regulator -China Securities Regulatory Commission, has approved trade of polypropylene (PP) futures contracts at the Dalian Commodity Exchange (DCE), as per Xinhua. The exact date of the launch of the futures will be decided by the DCE, said Zhang Xiaojun, spokesman of the China Securities Regulatory Commission.
China is the largest PP consumer in the world with an average annual growth rate of more than 10%, consuming almost 15 mln tons in 2012. Domestic PP users have been pushing for PP futures to reduce market volatility and strengthen China's pricing power on the international market. Currently LLDPE and PVC are being traded on the DCE.
20-Jan-14 
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