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GPCA 2013: Dubai to launch PP futures contract next year

8:50 AM MST | November 19, 2013 | Francinia Protti-Alvarez

Dubai Gold & Commodities Exchange (DGCX) will launch a polypropylene (PP) futures contract on 28 February 2014, the exchange announced today during the Gulf Petrochemicals and Chemicals Association (GPCA) annual forum. The contract is designed to provide enhanced liquidity in the global trade of plastics and will be the first plastics contract to be listed in the Mideast/North Africa region. DGCX's PP futures contract will be sized at 5 m.t., with the contract price quoted in dollars per tonne. Physical delivery—delivered in-warehouse at the Jebel Ali...

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