China to launch polypropylene futures
Updated: 2014-01-17 17:36
(Xinhua)
|
|||||||||||
BEIJING - China's top securities regulator said on Friday it has approved trade of polypropylene (PP) futures contracts at the Dalian Commodity Exchange (DCE).
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 percent. In 2012, PP consumption was close to 15 million tons, with applications in packaging, household appliances, textiles, automobiles and construction.
Domestic PP users have been pushing for PP futures to reduce market volatility and strengthen China's pricing power on the international market.
Currently, two plastic products LLDPE and PVC are traded on the DCE.
Related Stories
Futures market records major increase 2014-01-03 19:04
China drafting reforms on securities, futures 2013-12-11 14:40
First crude oil futures market to open in FTZ 2013-12-11 07:06
Trading volume of futures hits record high 2013-12-03 09:27
Today's Top News
China draws a step closer to balanced flows
Xinjiang doubles terror fight budget
China bulks up maritime fleet
Lunar probe sets out on new missions
Russia battle militants before Olympics
Hollande responds to affairs reports
China and Italy agree to boost cooperation
Party school official suspended after scandal
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Entertainment: Console ban? |
Majoring in anti-money laundering |
Traditional skiing lives on as fur flies |
Shangri-la assets lost forever after town blaze |
US police all a-twitter about Weibo |
Movie mogul Run Run Shaw, 107, dies in HK |