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DCE to launch PP futures contract on 28 February

8:51 AM MST | February 26, 2014 | Francinia Protti-Alvarez

The Dalian Commodities Exchange (DCE; Dalian, China) polypropylene (PP) futures contract will commence trading on 28 February, the same day as the Dubai Gold & Commodities Exchange (DGCX) PP futures contract will launch, DGCX announced on 26 February. China's PP production capacity reached 12.2 million m.t./year in 2012 with a total consumption of 14.9 million m.t./yr, accounting for 17% and 27% of the global market, respectively, the DCE says. "Though China is the largest importer of PP, participants in the market have been exposed to significant...

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